Also, investors tend to buy bonds when economic growth is slow. It may seem paradoxical but even when things appear bleak in the U.S., America remains in better fiscal shape than many other nations around the world.
“For whatever reason, rates keep going lower. We can stroke our chins and speculate about why it’s happening. But it is happening. And it’s probably going to continue,” said John Kosar, director of research with Asbury Research in Chicago.