Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| December 12, 2007 | | Spread betting and contracts for differences on U.S. bonds | Even though many invetsors expected a less aggressive interest rate cut, yesterday's 25-basis point Fed rate cut still surprised many. And the less aggressive cut is causing U.S. Treasuries to surge. Spread bets and CFDs on the bond market should consider that inflation is still the main concern of the Federal Reserve, according to MarketWatch:
"Once again, this Fed is dragging its feet -- they seem to be on this
inflation kick, and they can't get it out of their heads," said Thomas
diGaloma, head of Treasury trading at Jefferies & Co. | | |
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