The bond market may be wrong, as so many have charged this week regarding the 10-year Treasury Note’s dip to its lowest in more than a year. But this morning’s jobs report for May isn’t making it any easier for skeptics of the recent rally in debt to deliver a knock-out punch to the forces of fixed-income optimism.
Daily Archives: June 3, 2005
DIVORCE ITALIAN STYLE?
The news doesn’t surprise us. Or does it? In any case, a government official from Italy has suggested the formerly unthinkable in the wake of the French and Dutch rejection of the European constitution, namely: leaving the euro.