Quick heads up here.
Last week we started talking about this odd divergence in the market. "Risk" assets, like stocks, have been surging like crazy. But "Anti-Risk" assets, like Treasuries have been holding up as well.
It's a curious conundrum, and nobody has a great explanation for what's up.
And it persists! Today the market is almost surging, with the Dow up around 100.
10-year Treasury rates?
STILL LOWER.
Maybe some nervousness about a slowdown creeping back in?
10-year Treasury yield intraday
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See Also:
- You Can't Keep This Market Down
- ROBERT SHILLER: It Looks Like The Bond Market Is A 'Bubble'
- Asian Markets Aren't Doing Much Tonight