Interest rates: Egg on our Faces

By: Francis Cianfrocca (Diary)  |  June 2nd at 10:34 AM  | 

Just when you thought US Treasury debt couldn’t get more overpriced, it gets… more overpriced. The 10-year yield fell all the way to 2.95% yesterday. It held that level for part of this morning, and now is just under 3%. At least some of this has to be due to the supply disruption caused by the US hitting its debt ceiling. (Existing debt can be | Read More »