Treasury yields were little changed last week hovering near record lows, but that did not stop a number of key benchmark government bond yields from reaching record lows. Ten-year government bond yields in Germany, England, Japan, France, Holland, Canada, and Austria all reached respective record lows last week [Figure 1]. Ten-year government yields in New Zealand and Switzerland hit record lows in the prior week. Bond investors are confronted with a lower bar to dance under.…

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The Global Yield Limbo