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The Treasury 'Bubble'

How can you possibly have a bubble in an asset class with virtually unlimited supply?

The Treasuries Craze as Window Dressing

There is no current "bubble" in treasuries. There will never be a bubble in treasuries. The typical causes of bubbles, greed, "the greater fool theory", excessive monetary liquidity, etc. do not now and will never apply treasuries. Treasury yields are a realization by the rational marketplace that deflation and depression are a near certainty.