Facebook priced at $38/share as investors head for Treasuries

Posted By on May 17, 2012

Stock market heads down again as investors and traders head for the sidelines and U.S. Treasuries, which by the way are hitting all time lows. recordlow10yrnote_120517In fact the 10-year note closed at 1.70% yield … a record low yield for the security of U.S. notes.

On the other hand the much anticipated Facebook IPO (FB) was priced at $38/share with both buying and selling interest already. Tomorrow should be interesting to watch share prices and volume.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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