Vince wrote:Source of the post I just saw a chart showing that the 30 yr has been dropping pretty steady since the 80's. I can't imagine the agreement to lift the debt ceiling caps helped much.
You've confused me. The yield on the 30 yr has been dropping like a rock. Below 2% for the first time ever today/last night (iirc; At the very least, below 2% for the first time in generations).
Lifting the debt ceiling caps would mean putting more 30 year debt out (more supply), which in normal times, would depress the prices, raising the yields.