U.S. 10-Year Notes Test 3% Yield On Clouded Jobs Picture |
| June 02, 2011 | June 2011 Bond Updates |
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Investors are starting to get a better understanding of the irritation Fed Chief Ben Bernanke publicly displayed in November following the FOMC’s decision to launch phase two of its quantitative easing plan. Mr. Bernanke appeared to be on the defensive when quizzed about the need to bring intervention in the government and mortgage securities market to a total of $1.8 trillion. The problem, he said, was that employment was lagging the apparent recovery and would likely continue to do so. |
| View more at: http://blogs.forbes.com/greatspeculations/2011/06/01/u-s-10-year-notes-test-3-yield-on-clouded-jobs-picture/ |
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