1994 OC bankruptcy caused a shock in the bond market. Municipalities were hit hard, which makes sense, but why did 10 year treasury yields go from 5.17% to ~8%?
Shouldn’t that have triggered a “flight to safety”? Would this happen today, and if not what has changed?
Submitted January 04, 2019 at 08:23AM by Chillbro5587 http://bit.ly/2QnsYIi
