I too am interested in this. My uneducated guess is that there are very severe liquidity issues, so everything and anything is getting sold. Isn't that why the Fed is doing the repo operations?
And I guess another possibility is that the US is already running a large deficit, and that is probably going to get much worse shortly. So maybe some are losing faith in the safety of treasuries?
I certainly would like to hear from others on this.
And I guess another possibility is that the US is already running a large deficit, and that is probably going to get much worse shortly. So maybe some are losing faith in the safety of treasuries?
I certainly would like to hear from others on this.