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This is actually much more indicative of the economic direction the market thinks we will be headed in. Hint: it's not good. The bond market is extraordinaril

This is actually much more indicative of the economic direction the market thinks we will be headed in. Hint: it's not good. The bond market is extraordinarily efficient at pricing risk, and right now, they're beginning to price a significant risk of a long-term US default.

b_emery 10y ago
So buyers of these things think interest rates will be lower in the future (eg due to poor economy and further stimulus perhaps?)
- shoover 10y ago
  Yes, or at least as insurance in case interest do go lower.