Treasury yields stand near record lows, reflecting investors’ thirst for U.S. government bonds in the wake of a stock decline that has seen the S&P 500 give up more than 20% from its record high. The Japanese yen and Swiss franc have both touched multi-year highs against the dollar in recent days, while gold prices hit a seven-year peak earlier this month.
Meanwhile, liquidity in the $17 trillion Treasuries market has deteriorated to its worst levels since the financial crisis, traders said. Some market participants have in recent days complained of being unable to get a satisfactory market price, a result of too many buyers and not enough sellers. At the same time, a sustained rise in the Japanese currency could leave it near levels that could prompt the Bank of Japan to curb its strength, some analysts believe. A strong currency tends to make a country’s exports less competitive abroad, an outcome Japan’s struggling economy can ill afford.
globeinvestor because you cannot eat gold
globeinvestor I’m sure the wealthy and elite have moved all their money to conservative countries. Conservative countries aren’t collapsing capitalism!
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