The 10 yr note is down .19% as I write this. From what I had been hearing and reading...it was suppose to to rise after this downgrade. So why is it falling?
Makes me wonder if all this talk of sky-rocketing interest rates in the near future is a bunch of fear-mongering.
The TV experts are saying that Europe is dumping stocks and buying Treasuries ... a flight to quality!
Bond people aren’t as skittish as stock market people. They have a much longer outlook, 5 yr, 10 yr, 30 yr. Stock market people, 5 min, 10 min, 30 min.............