Growth Slump Inspires Treasury Rally Despite Debt Panic

You could say that the U.S. economy took a unilateral step towards a credit downgrade on Friday after first-half growth simply evaporated in the government?s GDP report. Government bond yields slumped as a result conveniently overlooking the rather difficult weekend ahead likely to be plagued by political negotiations.

Source: http://blogs.forbes.com/greatspeculations/2011/07/29/growth-slump-inspires-treasury-rally-despite-debt-panic/

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