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Quantitative easing has been a boon to eurozone government debt, helping push yields lower.
The incestuous nature of government bond ownership ensures that it is in no one's best interest to push yields higher.
Bond prices, following Mr. Greenspan's signal, climbed enough to push yields down by as much as one-tenth of a percentage point.
Brian Dennehy of Dennehy Weller & Co says: "It is difficult to see how the market will push yields or capital values much higher".
In the 1970s, investors were caught out by a sudden surge in global inflation, and were too slow to push yields higher in response.
Treasury Prices Fall By Bloomberg News Bond prices declined yesterday as government securities dealers sold some debt to push yields up a bit on the $27 billion in new notes and bonds offered this week.
Similar(48)
A push yielded the same result.
Bond prices rose, pushing yields lower.
Bond prices are falling, pushing yields higher.
Bond prices fell, pushing yields higher.
Bond prices also fell, pushing yields higher.
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