Weren't Interest Rates Supposed to Be Rising?

May. 4.10 | About: iShares 7-10 (IEF)

A couple of months ago, the yield on the 10-Year US Treasury was rising towards 4%, and commentators everywhere were declaring an end to the "bond market bubble," which would send interest rates sharply higher. So what happened? Thanks to the problems in Greece and the rest of Europe, US treasuries have been a magnet for investors looking to protect their cash. At 3.62%, the yield on the 10-Year US Treasury is currently trading at a two month low and breaking below support.

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