According to Bloomberg, everything is now just peachy….
By Daniel at 27 September, 2009, 11:47 pm
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NEGATIVE BOND RETURNS CONVERGE WITH BERNANKE MORTGATE MIRACLE
Sept 28, 2009
By Daniel Kruger
Sept. 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke has some good news for investors: Treasury bondholders will lose money for the first time in 10 years amid an unprecedented decline in the gap between the interest rate on 30-year mortgages and government notes, signaling an end to the worst financial crisis since the Great Depression.
…article continues…
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayo1J7aDXneM
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Glad to know the end is finally here…. (LOL!)
Tom
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