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?
Doug Henwood wrote: > 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. also, the Treasury issues are judged _relative to_ other sovereign debt and to a weirdly careening stock market. By those standards they look good. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
