The slide in stocks gave investors a good reason to buy bonds. Weak U.S. housing data fueled concern of a U.S. economic slowdown, triggering buying of bonds.
It's hard to imagine buying bonds, especially after reports added to signs of that the economy is expanding. Bond investors will probably avoid buying as we head into the 10-year auction.
Weak U.S. housing data fueled concern of a U.S. economic slowdown, triggering buying of bonds.
No matter what happened to stocks in the past couple days, it is hard to deny that the economy is still expanding. That makes us very cautious about buying bonds.