The partial recovery of Treasury market yields in the week to last Friday was short-circuited by the Federal Reserve rate cut and restart of quantitative easing but it has parallels from the early months of the financial crisis a decade ago, Joseph Trevisani from FXStreet briefs. Key quotes “The 10-year Treasury which closed on Friday at 0.946% was returning 0.734%. The 5-year was at 0.494% after closing at 0.702% and the 2-year was at 0.356% following a 0.516% finish on Friday.” “The Dow dropped about 55% from October 2007 to March 2009 and 37% in the most acute phase from August to November 2008. The Dow is currently off about 28% from its high of February 12.” “The extent and severity of the economic damage from this event, like 12 years ago is unknown. But the Treasury yield collapse and recovery hints that the credit market response may be close to running its course.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Bounce bank on the cards FX Street 2 years The partial recovery of Treasury market yields in the week to last Friday was short-circuited by the Federal Reserve rate cut and restart of quantitative easing but it has parallels from the early months of the financial crisis a decade ago, Joseph Trevisani from FXStreet briefs. Key quotes “The 10-year Treasury which closed on Friday at 0.946% was returning 0.734%. The 5-year was at 0.494% after closing at 0.702% and the 2-year was at 0.356% following a 0.516% finish on Friday.” “The Dow dropped about 55% from October 2007 to March 2009 and 37% in the most acute phase from… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
