US 30-year Treasury Bond yield revisiting its 2008 low

There are plenty of negative reports on the European sovereign debt problem. If you want to read about them, just go to Clusterstock or Pragmatic Capitalism. I just want to point out the the rally for some safe haven assets, especially the US 30-year Treasury Bond could be signaling that the financial market is expecting a blow-up in Europe any time now. The last time, TYX (or 30-year Treasury Bond yield) dropped to such a low level was during the US Sub-prime Crisis. Investors are now worry about return of capital, not return on capital!

Be careful out there!


Chart: TYX's weekly chart as at Nov 18, 2011 (Source: Yahoo Finance)