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Thursday, March 25, 2010

US Bond Rates Higher than Several Corporates

Michael Barone has it correct when he says that the U.S. government has officially lost its "safe haven" status, as the bond yields for several companies including Berkshire Hathaway and Proctor & Gamble, is now lower than U.S. government treasuries.

Don't forget this important fact either - forget about the CBO scoring a completely unrealistic Obamacare bill. When bond rates yield, the mammoth deficits are only going to escalate.