Oct
04
Treasury bond rates fell again last week, continuing a somewhat odd habit they’ve shown in recent months. This isn’t good news for anyone waiting for savings account interest rates to rise, but there is a bright side to the story.
First, about that odd habit. Last week was a bad one for the stock market, as jitters about the economy — highlighted by a disappointing unemployment report — replaced some of the optimism that had prevailed for several weeks. Meanwhile, Treasury bond yields fell last week. No surprise there — bond yields are expected to fall when there is pessimism about the economy, and when investors are moving away from stocks. The only odd