If the equity market continues to retrench, then there's going to be quality flows coming into the Treasury arena that push bond yields lower,
Let's think back to what happened in Internet stocks. That was a bubble where there was a complete evisceration of wealth. That will never happen in the Treasury market, because it is backed by the full faith and credit of the United States.
Let's think back to what happened in Internet stocks, ... That was a bubble where there was a complete evisceration of wealth. That will never happen in the Treasury market, because it is backed by the full faith and credit of the United States.