Thanksgiving Holiday Summary
Thanksgiving normally gives a very boring, low volume type of trade. On Wednesday morning, it started just that way. The market was drifting higher in early trade, with bond yields drifting higher as well. In the early afternoon however, bondy yields plummeted. If that was domestic trade, the US markets would have normally sold off but they didn't. That meant it was foreign money pouring into bonds, so I set out to try and find out what was going on. Yes, the news regarding Dubai World, the developmental engine of Dubai, had asked creditors for a six
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