Tuesday, August 16, 2005

The bond is back

Bond? James Bond? No, it's the 30-year U.S. Treasury bond. 

From this past Sunday's New York Times:

"Clearly, many fixed-income specialists have been strangely moved by the recent announcement from the Treasury that, after a four-year gap, it will begin to reissue the 30-year bond early next year. Before that pause, the bond had long served as the world's benchmark fixed-income instrument."

I am sure at some point this semester our finance professor will talk about this in class. Speaking of class, I got to catch my ride.

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