Pretty strange things going on in the bond market. Could be weakening economy. Or lots of foreign money flight to "safety". Good news for mortgage borrowers though, rates should stay low.
Investors accepted the lowest yields ever for 10-year paper in a US Treasury auction shortly before the release of Federal Reserve minutes showing a bias towards more monetary easing.
“We were expecting good auction results but this one has left me speechless,” said William O’Donnell, strategist at RBS Securities.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
I saw that too! Negative. I am amazed, do people realize how crazy low interest rates are? 10 yr bonds have historically been 3-5% minimum and sometimes much higher. 1.5% is nuts with 2% inflation! Pension funds and 401Ks are going to get burned bad.
This is what happens when $Trillions of extra fed dollars are printed that have to be parked somewhere unproductive.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
