Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.
Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.
Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.
Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.
