On Aug 9, 2011, at 5:20 PM, ken hanly wrote: > Why is it that when the U.S. dollar is downgraded US treasury bond yields > decline. Why does not the yield go up and borrowing become more expensive > when the risk increases?
Japan's been downgraded several times in the last 10-15 years, and its 10-year rate is 1.1%, half that of the U.S. The ratings are meaningless. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
