Friday, October 24, 2008
Bloomberg: U.S. 30-Year Yield Drops to Lowest Since Regular Sales Began
Yes, rates are collapsing even though the deficit is ballooning to a record. The debt/doomsday crowd just doesn't get it: there is no connection between the deficit and interest rates. Actually, one could even argue that a small deficit or worse, a surplus, actually can cause rates to rise.