A look back at the financial crisis
2008 has been a historic year for the economy and the country. We look back at the financial crisis—from the housing collapse and the credit crisis that changed the economic landscape.
For better or for worse, the US Treasury comes to market this week with $118b worth of 2's, 5's and 7 year maturities. For better in that higher yields will bring out the buyers, for worse, a light week and the scare of higher yields will keep the buyer's home, thus sending yields even higher. This comes as the yield spread between 2's and 10's is back at a record high of 285 bps as the bond market has begun the tightening process for the Fed and also adjusts to the ever deteriorating financials of the US government as 5...
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