The yield on the 30-year U.S. Government bond plunged to its lowest level since the Feds began selling them in 1977. On October 24th, the yield on the 30-year dipped to 3.86%. Since then, it’s been rising. What could this mean? Well, it could mean that the last greatest bubble in the world—the bubble in U.S. government bonds—is bursting. Why? Bond investors aren’t generally stupid. Read on…
October 30th, 2008 | Dan Denning | 1 comment | Continued
