short answer: they don't know, but there are three options:
- American bonds, while bad, are better than other developing countries
- we may have lower future interest rates due to slowing growth
- the market could be making a mistake
Which is a terrifying thing to say about the world.
short answer: they don't know, but there are three options:
- American bonds, while bad, are better than other developing countries
- we may have lower future interest rates due to slowing growth
- the market could be making a mistake