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Random Musing: Bond Vigilantes

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November 17, 2010 – Comments (1) | RELATED TICKERS: ROB.DL , B , ERY

We call bond investors that demand a higher yield on treasuries to compensate for their increased risk "bond vigilantes". But is the Fed that prints trillions of dollars effectively devaluing the dollars considered a "dollar vigilante"?  When Congress spends billions of dollars we dont have do we call them "debt vigilantes"?  Do we call billion dollar corporations that took billions of taxpayer funds to bail them out of their reckless decisions "taxpayer vigilantes"?  Do we call rating agencies that knowingly rate junk debt as AAA "rating vigilantes"?

 

Just wondering...

1 Comments – Post Your Own

#1) On November 17, 2010 at 1:50 PM, brickcityman (< 20) wrote:

I just wish they would leave the damn 10year T note alone since its the one that shows the strongest correlation to mortgage rates.

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