By Matt Listro, Your Credit Repair Expert
(National Credit Fixers - Matt Listro)
What a week it was! Last week the benchmark 10-year note yield, which moves inversely to price, made its biggest two-day gain in two years on Tuesday and Wednesday. The yield surged to 3.24% on Wednesday -- up from Monday's 2.94% close. The cause was the agreement on the tax package worked out by President Obama and Republican leaders that was assumed to be a "done deal." Of course, we learned Thursday that there might be no deal at all. But Treasuries sold due to concerns that the $800-$900 billion that would be added to the nation's deficit would put more Treasuries on the market, which would lead to their devaluation. Treasuries got a boost on Monday due to Fed chairman Ben Bernanke's "60 Minutes" interview that aired Sunday evening. He said that it could be four to five years un...