An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, November 26, 2011
US 10 year breaks 2%
US bond yields fall to historical lows. Rating agencies continue to be out to lunch and don't notice that the bond vigilantes are ignoring them.
I thought the bond markets were going to punish us for our "debt binge" They must be punishing us by buying our bonds.
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