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langlui

07/28/11 2:21 AM

#145840 RE: langlui #145761

CHART OF THE DAY: People Are Worried Uncle Sam Won't Pay Them
Joe Weisenthal | Jul. 27, 2011, 4:34 PM

In addition to the stock carnage today, the most alarming action was at the short end of the yield curve, where rates have basically hugged the 0%-line for ages.

Here's a look at 2-year Treasury futures (via CME), which fell notably today, before bouncing back (marginally).

People are worried about getting paid.