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luckydude777

09/29/22 7:47 AM

#2640 RE: Lowjack #2638

You may well be on to something of Category 6 proportion!

Daily Seeking Alpha moments ago:

U.S. stocks look ready to sing the bear market blues again this morning after the Bank of England shuffled sentiment with a dominant turnaround. Fearing a breakdown in market stability, the central bank on Wednesday promised to buy long-dated bonds "on whatever scale is necessary," sending the yield on the 30-year gilt down by a full percentage point in the span of just a few hours. The chorus quickly spread across the Atlantic, with U.S. debt echoing similar moves, as the 10-year Treasury yield fell 26 bps to 3.71% for its largest one-day decline since March 2009.