by Wolf Richter
Wolf Street
Record moneys suddenly pile into the material of debt crises.
The Institute of International Finance opined last week that “the ‘low for long’ interest rate outlook now looks more like ‘low forever’ – an outcome that has unleashed a powerful renewed search for yield.”
They’re all doing it.
Japanese investors, such as pension funds and insurance companies, are swarming into US Treasuries now more than ever.