How Low is Low?October 08, 2010 Posted by: Joe Morgan, CFA
Just when we all thought rates couldn’t get any lower, they did.
As we entered the third quarter, fears of European debt problems both at the government and banking level consumed the marketplace. Government spending’s chickens, it seems, were coming home to roost.
Of course, many immediately became concerned of our own debt and deficit problems — and rightly so. But it became evident that markets are relative beasts, and sometimes you can win by not losing as badly.
This was the case in the Treasury sector as a new wave of investors invaded the sector clamoring for the safety and liquidity of U.S. government debt.
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