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Economy

progree

(13,076 posts)

2. 214p ET: S&P down 3.5%, Dow down 859 (3.2%), really shocking after a 0.50% Fed rate cut

Reply to elleng (Original post)

Tue Mar 3, 2020, 03:17 PM

Mar 2020

It's supposed to go the other way.

And the 10 year Treasury right now is yielding 0.98% -- that's known as "losing its handle", where the "handle" is a digit (other than zero) to the left of the decimal point. The media has been saying over the past several days that it's at a record low, so that means its a certainty that this is the first time that the 10 year Treasury has lost its handle.

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For information, on 'election' day: edited [View all] elleng Mar 2020 OP

Fed cuts interest rate by 50 basis points? soryang Mar 2020 #1

214p ET: S&P down 3.5%, Dow down 859 (3.2%), really shocking after a 0.50% Fed rate cut progree Mar 2020 #2