Bond ETFs: Two Factors Keeping a Lid on Interest Rates
March 28, 2013 at 11:10 AM EDT
Despite talk of an imminent sharp rise in interest rates, the yield on the 10-year Treasury note is back below 2%. This is more evidence that the much vaunted “Great Rotation” out of bonds has yet to occur. (Otherwise, bond prices would have fallen and yields would have gone up.) The great rotation...