The ten year Treasury Note is near a breakdown on the charts after another poor auction today. Here’s the technical picture:
Stocks sold off this afternoon after making new highs for the move this morning. It is hard to separate various effects so I can’t say that the selloff in stocks was due to the selloff in bonds. [...]

Is anyone bullish on Japan?
March 23 (Bloomberg) — Japanese households are sending funds overseas at the fastest pace since 2007 in search of higher yields as currency strategists predict the yen will slump 8 percent versus the dollar by the end of the year.
Households are buying Chinese stocks and record amounts of Brazilian bonds as [...]

Let’s try a thought experiment:
Let’s say that there is a relatively high priced good for which there is a perceived societal benefit if it is widely purchased by the public. Congress decides that, given this societal benefit, it makes sense to subsidize the purchase of this good so that as many citizens as possible can benefit. Laws [...]