Declining expectations for NGDP growth/uncertainty lead to funds searching for yield in the credit markets, leading to declining yields.
Bond yields declined prior to Fed intervention [0]
[0]: https://fred.stlouisfed.org/series/DGS10
Declining expectations for NGDP growth/uncertainty lead to funds searching for yield in the credit markets, leading to declining yields.
Bond yields declined prior to Fed intervention [0]
[0]: https://fred.stlouisfed.org/series/DGS10