Risk Avoidance Pushes Bond Yields Lower
Posted on November 07, 2008 at 09:27 AM EST
Risk avoidance is the name of the game. Capital is flowing back to the US and invested in T-Bills. Pretty soon, the yield on T-Bills, which was down to the annual rate of +0.315% yesterday, could go to zero, which means that effectively nobody is willing to take a risk. Brother, can you ...
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