Loading ...Interest rates have been dropping ever since the Fed said they were cutting back on amount of bonds being bought. Well, something is wrong. Less Q-E and falling rates.
One of the two is lying.
Either the Fed is Q-E ing behind everyone’s back, or…
Natural market forces wrested control from and are doing the Q-E ing.
The excess creation of paper money for decades, far in excess needed for buying goods and services HAS to be OVER flowing into bank accounts, CDs, Bonds etc, and not enough people wanting needing or able to borrow money to spend.
In a sense its all dead money. Even the tiny amount of bond interest available (2.6% on 10 year) are probably not deserved. In other words, these pathetically “low” US bond rates are probably manipulated higher than warranted.