Something in the global economy doesn't make any sense

A businessman passes by the Bank of Japan building in Tokyo March 18, 2009. Japan's central bank said on Wednesday it would increase the purchase of government bonds by almost a third as the government prepares more spending to help the economy in its worst recession since World War Two.

US Treasury bond yields have fallen to an all-time low. Matt O'Brien explains why this shouldn't have happened. Image: REUTERS/Yuriko Nakao

Matt O'Brien
Reporter, Washington Post
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10 year treasury yields since Fed's rate hike
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