Market’s $20 Trillion Yielding Below 1% Says Austerity Mistaken

Market’s $20 Trillion Yielding Below 1% Says Austerity Mistaken

Daniel Acker/Bloomberg

Yields on 10-year Treasuries, the benchmark for everything from corporate bonds to mortgages, fell four basis points, or 0.04 percentage point, last week to 1.67 percent, the lowest closing rate this year.