Photo: Chagai, Wikimedia Commons
Markets are panicking today.Spain and Italy are getting crushed again.
The flip side of that coin? A major rush into safe-haven Treasuries.
US 10-year bonds are trading at 1.80% for the first time since early February.
The yield on the 30-year has dropped below 3.00%.
Meanwhile, yields are hitting record lows in the UK, Australia, and Germany. Anywhere seen as being “risk-free” (which is really code-word for having access to your printing press, which Germany basically does since it controls the ECB) is seeing massive bids.