Wednesday, December 8, 2010

Bond Rush as Treasury Prices Fall

The extension of the Bush Tax Cuts ignited a sell-off that dropped the prices on Treasury bonds sharply on Wednesday
Financial markets have interpreted the tax cut deal, which was announced on Monday and must be approved by Congress, as contributing to economic growth over the next couple of years but also increasing the federal deficit and raising borrowing costs.
If all the nations of world are in debt... Where did all the money go?