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U.S. Treasury yields have experienced a significant collapse over the past two weeks. Mike Shedlock, author and blogger at MishTalk, emphasized that the move is not due to sinking inflation or falling oil, and questioned what other factors might be driving the change.
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Shedlock recently questioned the rationale for U.S. imports of Russian diesel as the country exports 48 million barrels per month, calling the practice both illegal and unnecessary in a prior report. Earlier, he reported a record low in the consumer sentiment current conditions index, with independents experiencing the sharpest decline, according to a separate article. These observations add context to his latest comments on bond yield movements.