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Monday, March 23, 2009

Last Weeks Treasury Rally that Wasn't Abroad

While Treasuries have performed admirably in dollars (as defined by iShares Barclays 7-10 Year Treasury - IEF), they have SOARED over the past 6 months in Euros due to the strengthening of dollars.

Interestingly enough, while Treasuries soared last week (in dollars), those same foreign investors lost money on their investment due to the dollar sell-off after Ben's quantitative easing announcement.