Treasuries Drop for Second Day Amid Record Corporate Debt Sales
“The reason rates should be higher have been in place for a long time, and the Treasury market hasn’t seen a significant back-up,” Lyngen said. “And every time we do have a significant back-up, overseas investors come in and buy the market.”
What reason has been in place for a long time? Seriously. I'd love to know.
It sure as heck isn't the deposit glut.
November 27, 2014
Banks Continue to Disbelieve the Rising Interest Rate Story
Commercial banks now have more than $32,000 in deposits for every man, woman, and child in this country. Why would they need to raise interest rates when so much money is being deposited at low interest rates? Does anyone really believe banks are running a charity service?