How A Decimal Point Can Change The Reaction To A Story From "So What?" To "OMG !"
April 13, 2015 at 20:43 PM EDT
Pimco sells US Treasuries as bankers expect 10 year T Bond yields to rise from 1.95% to 2.40%. According to Bloomberg this would result in only a 2% loss. In reality the loss would be around 20%.