Treasuries Rally As Market Gives Resounding Thumbs Up To Obama's Budget

Obama’s budget is out, and Treasuries are rallying (yields are down).

So this must mean that the market is giving a huge thumbs up to Obama’s deficit-cutting plans.

OK, that doesn’t make sense, but if bonds were tanking, you can be sure someone would say the opposite.. that bonds are selling off on deficit dears.

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