With money piling up on the sidelines because of global stock market gains in 2009 and a record amount of longer-term U.S. Treasuries maturing in 2010, it would seem unlikley that U.S. interest-rates would rise much beyond the ‘08 highs, if that. Given that T-Notes pulled up short of their 2009 lows – see chart below – it seems to me the lower volatility we’ve been […]