UPDATE IV: CHART OF THE DAY: 1.53760%

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ORIGINAL POST: This is all you need to know.

All the economic data was bad today:

ADP, initial claims, Chicago PMI, Challenger Job Cuts, and GDP were all bummers.

US stocks are down (S&P off 0.66%) and the yield on the 10-year — what people are willing to accept to lend to the US government for 10 years, is down to just 1.57970%.

UPDATE:

The rates fall further. 1.5780%

UPDATE II:

The yield just keeps dropping. Now 1.5746%

UPDATE III:

MORE DROPPING! Now the yield is down to 1.55610%

UPDATE IV:

The yield, it’s melting! Now down to 1.53760%

chart of the day, us govt 10 year yield, may 2012

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