Odd Lots
Treasuries Acting Like Meme Stocks Helps Explain Low Bond Yields
- 10-year yields remain relatively low despite inflation fears
- Fed’s hand in the debt market through QE gums up yield signals
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To solve one of the biggest market mysteries of the year, it might make sense to look to memes.
Ultra-low bond yields in the face of relatively resilient U.S. economic growth and expectations for higher inflation have perplexed market-watchers, with some warning that a 10-year Treasury note yielding only around 1.5% is sending an ominous warning about the economy’s prospects.