3.07% -- 10 year US Treasury yield as of yesterday.
Start saving those emails and phone call records...we'll want to know if Bill Gross or anyone at PIMCO's been talking to GOP members about allowing the US to default in August, which would naturally lead to a fast rise in the yield, and provide a handsome return for any
hedge bets.
So far, the bond market is ignoring him, and paying more attention to Europe's mess. Clearly a market is anticipating a Greek default, and a spreading of problems throughout Europe.
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| Greece 10 year bond rate |
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| Ireland 10 year bond rate |
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| Portugal 10 year bond rate |
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