Tuesday, November 4, 2008

S&P 500 and Treasury Rally in the Same Day? Finally!

Both equities and 10 year Treasuries rallied today for the first time since October 23rd (as the WSJ tells us every time, when yield goes down, price goes up). Over the past few weeks, Treasuries have rallied as a result of a flight to quality, not exactly the best environment for equities.

Has fear finally subsided?