Ireland 10 year notes starting to blow up

[nero3]

I think this is how the US treasury market should had been trading had the market been rational.

http://www.bloomberg.com/apps/cbuild...GIGB10YR%3AIND

http://www.bloomberg.com/apps/news?p...FXU&refer=home

[Mega]

Re: Ireland 10 year notes starting to blow up

Forgive me i know NOTHING about Bonds, does this mean the rates are going up, like intrest rates?
Mike

[nero3]

Re: Ireland 10 year notes starting to blow up

Forgive me i know NOTHING about Bonds, does this mean the rates are going up, like intrest rates?
Mike

Correct, but with the Euro, they don't get a fall in the exchange rate as they should have gotten otherwise, and with the ECB their interest rates stays low. Without the Euro, the PIGS (Portugal, Italy, Greece and Spain), even Ireland would had very high inflation, weaker exchange rates, and much higher interest rates. In a sense Germany and France are subsidizing them. It can only work for a while, unless things turn around, the euro could really start to take in water.

[c1ue]

Re: Ireland 10 year notes starting to blow up

The Yen link is amusing - Japan and its manufacturers WANT a low yen.