well, the ten year T-Bond is selling at 2.82% today, down 16 basis

[WCGreen]

points from yesterday.

That means the Market doesn't think the US will not default on Tuesday...

Frank on CNBC now saying that S&P has a lousy record of rating being they were the ones who overvalued so many of "hot" stock in 2008.

edit to correct a mistake between bill and bond.

[dkf]

1. TBills are lower maturity. You must be talking about tnotes or bonds.

[WCGreen]

2. I get the figures right from here...

http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

I did not realize that Bill and Note were not interchangable. I assumed they were by the way the talk about them on CNBC and the Cable news shows.

[dkf]

3. Treasury Bills are sold at discount and mature at par.

They can go out to 1 year.

So they don't have interest payments along the way. They just mature.

[WCGreen]

4. That makes sense....

[JDPriestly]

5. I've wondered. I thought S&P's ratingsof housing were said to be way off the mark in the

years leading to the 2008 crisis. Am I wrong about that? Or were S&P's ratings in that crisis terribly wrong?

[WCGreen]

6. Way off the mark.....

They were overvaluing all sorts of investment vehicles.

There were also involved with the over valuation of the Dot Com stuff as well...

[banned from Kos]

7. Flight to safety effect. Amazingly when things get tough even for the US

US Treasuries are a safe haven.

Its counter-intuitive for sure but I noticed high yield stocks falling while the 10yr rose today.

[spanone]

8. dow is off 600 points on the week....economic terrorism