The Citigroup bailout deal prompted a rally in stocks and a rise in U.S. bond yields on Monday. The yield on two-year U.S. notes rose as the government auctioned another US$36 billion of them into the market. It’s hard to believe the Citigroup deal unleashed a lot of pent up bullishness on U.S. financial stocks. It’s easier to believe that the ever-increasing supply of U.S. government bonds…
November 25th, 2008 | Dan Denning | 3 comments | Continued
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