The U.S. Bond Market Fools Traders Once Again
- 10-year notes barely yield more than run-of-mill bank accounts
- Tepid growth, inflation lure investors with few good options
March 21: Fed's Dovish Tilt Most Felt on `Belly of the Curve': JPMorgan
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U.S. Treasuries are, once again, proving to be a buy at almost any price.
After the Federal Reserve’s surprise dovish turn this week, investors have piled into the $15.8 trillion market, leaving the 10-year note yielding less than 2.5 percent. Just a few months ago, it surged past 3.2 percent, sparking all sorts of talk -- yet again -- that this was the dawn of a new era of rising rates.