Thursday, March 11, 2004

The real Spanish lesson

It's really all about your money. And your dollar has just gotten a much needed boost.

U.S. Treasury notes rose with other global government bond markets after bombs in Madrid killed at least 170 people, boosting demand for low-risk investments.

"People want to move out of riskier assets when something like this happens and move money into a safer haven like bonds," said Paul Calvetti, head of U.S. Treasury trading at Barclays Capital Inc. in New York.
  Bloomberg

It may change, though. I've read a couple of articles that don't think the group Spain has been blaming the attacks on is actually responsible. Josh Marshall comments.

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