Re: Risk on U.S. Treasury notes exceeds German bunds for the first time. Ever.

I wouldn't go near the bonds of any government unless the yield was over 
6.5 percent.  US Treas. are not a very good deal right now so this don't 
mean diddly squat.  Quality global stocks and funds are still the place 
to be.

Fred

"Doobie Keebler" <kooper.db@[EMAIL PROTECTED]
> wrote in message 
news:d25252ee-d721-4d8a-9ad2-6a4adf3dbcb3@[EMAIL PROTECTED]
>I hadn't seen this until just now.
> It put a chill down my spine.
>
>
> March 11 - Bloomberg
> "The risk of losses on U.S. Treasury notes exceeded German bunds for
> the first time ever amid investor concern the subprime mortgage crisis
> is sapping government reserves, credit-default swaps prices show.
> Contracts on 10-year Treasuries traded at a record 16 basis points
> earlier today, compared with 15 basis points on German government
> notes... In July, U.S. credit-default swaps were at 1.6 basis points,
> compared with 2.5 basis points on bunds."
>
http://www.bloomberg.com/apps/news?pid=20601087&sid=aq6DdBk63FC8&refer=home
>
>
> Brings to mind that 80's movie 'Rollover' with Kristofferson and
> Fonda, about a systemic failure in the banking system.
>
> What if they held a Treasury auction and nobody came?
>
> http://www.publicdebt.treas.gov/com/comhello.htm