Treasury market might be a bubble, but bond buyers want more

A flood of cash flowing into U.S. Treasurys is continuing, pushing the yield on two-year notes down to a historic low, with other maturities trading at or close to an all-time low. Warnings by experts that the Treasury market is a bubble have had little effect, as statements from the Federal Reserve signal that more quantitative easing is on the way. Fed Chairman Ben Bernanke said additional purchases of Treasury debt "have the ability to ease financial conditions."

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