Treasury-security Yields Continue Their Sharp Fall [Updated]

By: Francis Cianfrocca (Diary)  |  December 1st at 09:43 AM  | 

The 30-year T bond is priced to yield 3.34% this morning. The 10-year note is at 2.83%. These are extraordinary numbers, and they’re still falling fast. Three-and-six month bills are already at or near zero. This is powerful and continuing evidence that markets are uncertain and fleeing from risk. The midcurve and long-end are multi-trillion dollar asset classes that have increased in value by something | Read More »