So the yield for 10 year treasuries went below .9% today. Let’s think about that...investors are so bearish that they are willing to buy a 10 year treasury bond that is paying them less than 9 tenths of 1 percent per YEAR.
That might be good news for borrowers, but I think it is an incredibly bearish signal overall for the near term.
That might be good news for borrowers, but I think it is an incredibly bearish signal overall for the near term.
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