Treasury Market Panic Reversal Due To Little Known Forces Called Supply and Demand
Courtesy of Lee Adler of the Wall Street Examiner
The Treasury market panic saw a bit of a reversal this week, partly due to an unexpected, large increase in supply because of a sharp drop in Federal tax revenues over the past couple of weeks, and partly due to the market misunderstanding of Thursday morning’s news. The “better than expected” weekly unemployment claims data was one thing. Some
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