GO
Loading...

Cashin: If This 'Jailbreak' Happens, Bernanke Has Lost Control

Thursday, 20 Jun 2013 | 9:23 AM ET

While much of the market is focused on Bernanke, other indicators are moving wildly, like gold, currencies and the 10-year Treasury yield. If the yield on 10-year moves to 2.5 percent, this signals that Bernanke may have lost control and skeptics in the bond market are leading the way, said Art Cashin, director of floor operations for UBS Financial Services. If Treasurys hit this level, it would be a "jailbreak" for markets, he said.