Bond Market Whispers

The Credit Strategist Blog

The 10-year Treasury yield has dropped by 20 basis points since July 1st (from 4.48% to 4.28% as this is written as signs of economic weakness keep popping up in various places except the stock market. There is a great deal of anecdotal evidence of pressure on corporate profits appearing in the press - more bankruptcies, more bank branch closings, more…