Where did all the ‘bond vigilantes’ go? Investors keep buying long-dated Treasurys.
Short excerpt below. Click through to read at the original source.
Concerns about the U.S. fiscal outlook, along with the impact of President Donald Trump’s trade, tax and spending plans, were supposed to lead to a dramatic selloff in long-dated Treasurys this year, with investors known as bond vigilantes expected to show up in force. That hasn’t happened yet.