Bond yields
rose anyway even a 1,000 points down in
the Dow Jones Industrials average wasn't even enough to send treasury yields lower with the yield
on the 10-year and the 30-year rising
to new highs for the move.
We had a horrible 30-year bond auction again. Why anybody showed up is
beyond me but obviously not as many
people showed up as they thought. The big drop in the Dow Jones Industrials didn't make interest
rates go down it just kept them from
going up even more but nothing is going
to stop rates from rising.
