Aside: In my neck of the woods in San Diego, price of gas continues to crash down for about the last 30 days. Now $3.41, inexpensive for here.
Got gas at Costco here in Oregon for $3.12....lowest it’s been in at least 2-3 years
I’m a bit weak on my bond knowledge - but if there is high demand for bonds then I assume the price goes up and therefore the rate of the bonds go down. I would hope that the govt is taking this opportunity to recall older bonds with higher interest rates and replacing them by selling new bonds at lower interest rates....but for some reason I doubt this is happening.