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  • ilovefed ilovefed Jun 12, 2007 10:00 PM Flag

    Rates going to 6.50

    How soon do we forget. It was at 6.50 in June 2000. Now it is at 5.25 and everyone is crying faul? No crying until rates hit 10%

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    • These increasing rates are bad news for the HB's. Just when some were hoping for a prescription of Whirlybird Bennies to cure the HB woes, the rug is pulled out from under them.

      I may be reaching here(?), but I think this could be the start of a downturn for the market and shorts or puts on the HB's looks like one of the better ways to play it.

      Institutions have to be getting worried and I would expect they will be starting to shy away from the HB's pretty soon.

13.39-0.385(-2.79%)May 3 4:02 PMEDT