Longs, the reason why we've been having

[trickshot]

Oops, 5.11 now.

 

[trickshot]

The 10 year just hit 5.25 again, I think the bond sell off is just going to snow ball into something more nasty soon.

 

[stock_trad3r]

BOOO HOOOO

10 year is the new shanghei

 

[trickshot]

Quote from stock_trad3r:

BOOO HOOOO

10 year is the new shanghei

Its not the new Shanghai, far from it.

 

[gnome]

Quote from trickshot:

The 10 year just hit 5.25 again, I think the bond sell off is just going to snow ball into something more nasty soon.

Don't you remember when banks' passbook savings accounts paid 5.25%... and everybody thought that was such a lousy rate?

 

[trickshot]

Quote from gnome:

Don't you remember when banks' passbook savings accounts paid 5.25%... and everybody thought that was such a lousy rate?

And everyone thought it would go even lower then, but its different now. Its all about expectations cos the market is forward looking.