Charles Payne reported this morning that money is pouring into US Government bonds so rapidly and in such quantity that yields are being driven down to 0.
America is the only place in the world to park money with any degree of safety. That influx is an indication of American strength rather than weakness in spite of the yield curve.
I’ll go with Charles.
(it’s August. The second and third strings are on the field)
What happens when they realize the million dollars they get back in 30 years won’t be enough to buy a rutabaga?
With negative interest rates appearing elsewhere in the world U.S. bonds look pretty good to lots of foreign investors. No question about that.