Front page headline from the Monday Wall St Journal. Turning to page A2, we have a couple of graphs for yields on 2 year and 10 year bonds. The 2 year bond yield peaks out at 0.6%. What is a Wall St investor doing messing around with a 0.6% yielding security. Just about any stock will yield 6 %, ten times as much over a year. I'd say those Wall St investors got burned by intense stupidity rather than bond market swings.
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