TREASURY BOND BUYERS SHRUG OFF RATINGS WARNING

One POLITICO commenter claimed that soon no one would buy U.S. Treasury Bonds and that's another FAIL.

Weak Economy Keeps Treasurys Strong
JUNE 5, 2011, 11:47 A.M. ET

By CYNTHIA LIN
WALL STREET JOURNAL

NEW YORK—Faced with new evidence of a sluggish U.S. economy, Treasury investors are turning a blind eye to a political fight over the U.S. government debt ceiling and snapping up bonds that are paying puny yields.

The string of weak U.S. economic readings has fueled safe-haven bidding for Treasurys, sending the 10-year yield below 3.0%. Late Friday, the 10-year Treasury yield, which moves inversely to the price, stood at 2.997%.