U.S. Treasuries riskier than German government bonds for 1st time

“The risk of losses on U.S. Treasury notes exceeded German bunds for the first time ever amid investor concern the subprime mortgage crisis is sapping government reserves, credit-default swaps prices show. <snip> The U.S. government is not immune from the consequences of the credit crisis,” said Fabrizio Capanna, BNP’s head of high-grade corporate trading in London. “Support for troubled financial institutions in the U.S. will be perceived as a weakening of U.S. sovereign credit.”’ http://www.bloomberg.com/apps/news?pid=20601087&sid=aVl4JGYmkX0M&refer=home

Ben what are you doing?

bernankebluepills1.jpg hat tip for photo to fintag.com


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