FYI: Investors can’t get enough bonds. That’s also helping keep stocks afloat.
Equities and bonds have typically moved in opposite directions in recent years, since appetite for risk pushes investors into stocks and out of fixed income, while a desire for safe assets usually does the opposite. Yet, even as benchmark long-term U.S. Treasury yields have sunk to new record lows in recent sessions, pushing prices up sharply, stocks have managed to avoid an equally heavy selloff.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/07/06/low-yields-are-turning-stocks-into-bonds/
