Recap of Last Week
Posted by Jordan Crouch on October 22, 2007
Disappointing earrings reports from BofA and WaMu and the market tanking caused investors to buy US Treasuries as a safe harbor for their money. This sent the 10 Year T-Bill’s yield to the lowest it’s been in more than 30 days. (See graph here)
It’s a little ironic that last Friday’s T-Bill yield drop coincided with the 20 year anniversary of the Black Monday Crash.
