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Monday, March 06, 2006

Gotta Have A J-O-B If You Sell The Treasury

Gotta have a J-O-B, if you sell the Treasury: US Treasuries fell today, putting the yield on the 10-year note at its highest rate since June 2004. The FOMC began its run of 14 straight interest rate hikes since this time. Market participants are anticipating strong numbers from the employment reports due out later that week, prompting the Fed to continue raising rates. Read More...