'Relax,' said the nightman, 'We are programmed to receive.'
'You can check out any time you like, but you can never leave.'
--Eagles
A week or so back, Ireland credit probs seemed to be off many radar screens. Issues here are now coming to light.
The new off-the-screen problem seems to be municipal bonds. Munis have been getting smoked over the last few sessions. Related news flow, however, remains a trickle.
Markets may be envisioning funding crises brewing w/ a new Congress that may be more reluctant to pass the buck...
position in Treasuries
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1 comment:
I did the thing with bonds, which was about 30 million dollars, and didn't get none of the money on them.
~James Brown
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