FYI: The latest pillar supporting the U.S. Treasury market: everyday investors.
Ordinary investors are a growing force keeping longer-term bond yields low, even as the Federal Reserve has raised interest rates. They are helping cap borrowing costs for individuals, corporations and state and local governments, while boosting the appeal of riskier assets such as stocks, which have climbed to record after record in recent months.
Regards,
Ted
http://www.cetusnews.com/business/Who-Are-the-Big-Players-in-the-Bond-Market--Small-Investors-.r1-pHdiv7f.html
