Excerpt from Business Insider quoting DataTrek’s Nick Colas:
…. “Sinking US Treasury yields signal that negative interest rates in the US “are still possible,” according to a note from DataTrek published on Monday.
While the stock market is breathing a sigh of relief due to stronger-than-expected second quarter earnings, falling interest rates suggest investors are skeptical of the current rally and are still risk averse, the note said.
Last week, the 2-year and 5-year US Treasury rates hit record lows of 0.109% and 0.209%, respectively, and the 10-year rate sat just above record lows”….
Read the full article here on Business Insider!