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Comments on: Unexpected By Whom?
https://whynow.dumka.us/2010/11/01/unexpected-by-whom/
On-line Opinion Magazine...OK, it's a blogTue, 02 Nov 2010 20:31:45 +0000
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By: Bryan
https://whynow.dumka.us/2010/11/01/unexpected-by-whom/comment-page-1/#comment-53881
Tue, 02 Nov 2010 20:31:45 +0000http://whynow.dumka.us/?p=17671#comment-53881They must be the phantom bond vigilantes who don’t seem to have read the script.
At this point the old savings bonds are looking better than most CDs.
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By: Badtux
https://whynow.dumka.us/2010/11/01/unexpected-by-whom/comment-page-1/#comment-53876
Tue, 02 Nov 2010 06:55:14 +0000http://whynow.dumka.us/?p=17671#comment-53876Bryan, last week the Treasury sold bonds at *LITERALLY* negative rates — as in, bond-buyers were paying $120 for bonds with $100 face value upon maturation. That is… bizarre, even for TIPS bonds, which are the red-headed stepchild of Treasuries, with little secondary market and little interest from serious investors (who prefer to buy regular Treasuries at sufficient discount to deal with future inflation, rather than TIPS bonds that sell at a premium compared to regular Treasuries such that the yield is typically at least 10% less). But still. The mind boggles. Deflation, indeed…