WMPT Nightly Business Report October 4, 2013
Yields on the tenyear treasury were stable at 2. 6 all week. With all this stability, traders took to calling this the what, me worry, rally . Here is a what, me worry, look. The dow closed back above the critical 15,000 mark. The nasdaq up 33 and s p added nearly 12 points. Looking at the last 12 trading days, the dow and s p posted gains for only three of them. Despite the federal budget stand off, some encouraging words about what this may mean for states and other muni ni municipalities. A shortterm shutdown at the federal level wouldnt have a Significant Impact on the credit quality of st...