Wow. Yields on U.S. Treasurys have taken a fresh turn to stunningly low levels after Fed’s latest attempt to help the economy. At last glance the yield on the 10-year T-note is down to 1.77%.
That means investors are only asking 1.77% in annual interest to lend to the U.S. government for 10 years. It was slightly lower over night, but writ large, these are the lowest levels for U.S. Treasury yields since the World War II, when the U.S. government had interest rate caps in place to finance the war effort.
Of course, there are some precedents for this, but they’re not happy ones. Yields on Japanese government bonds have been this low for a while, in fact, ever since the Land of the Rising Sun suffered its own real estate collapse/banking crisis in the early 1990s. (The yield on the Japanese 10-year is 0.99%, at last glance.) For a long time Japanese bonds — JGBs — have been the only large established bond market with sub 2% 10-year yields. But now the U.S. is firmly in sub 2% territory too. And given the fact that Japan has been wrestling with a low-grade deflation/recession problem for about a decade, its hard find much reassurance on the economy based on the company the U.S. is keeping.
http://blogs.wsj.com/marketbeat/2011/09/22/37656/
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That means investors are only asking 1.77% in annual interest to lend to the U.S. government for 10 years. It was slightly lower over night, but writ large, these are the lowest levels for U.S. Treasury yields since the World War II, when the U.S. government had interest rate caps in place to finance the war effort.
Of course, there are some precedents for this, but they’re not happy ones. Yields on Japanese government bonds have been this low for a while, in fact, ever since the Land of the Rising Sun suffered its own real estate collapse/banking crisis in the early 1990s. (The yield on the Japanese 10-year is 0.99%, at last glance.) For a long time Japanese bonds — JGBs — have been the only large established bond market with sub 2% 10-year yields. But now the U.S. is firmly in sub 2% territory too. And given the fact that Japan has been wrestling with a low-grade deflation/recession problem for about a decade, its hard find much reassurance on the economy based on the company the U.S. is keeping.
http://blogs.wsj.com/marketbeat/2011/09/22/37656/
____________________________________
υπάρχει σοβαρή πιθανότητα να έχει έρθει τόσο γρήγορα
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