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发帖数: 191 | 1 When Greenspan marched to Capitol Hill on Feb. 16, the 10-year Treasury bond
yield was hanging around 4.1%, well below the levels of mid-2004 despite the
Fed’s 150 basis point hike in short-term rates that began on June 30.
Greenspan naturally paid a good bit of attention to this apparent disconnect
and pointed out that the phenomenon actually is global. In essence, he threw
up his hands and said “the broadly unanticipated behavior of world bond
markets remains a conundrum” ― i.e., a riddle with |
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