Worse still, investors then tend to switch into government bonds, pushing down yields.
Draghi verbally intervened markets and then unveiled an open ended bond-buying plan to support Spanish and Italian borrowing costs by pushing down yields.
U.S. Treasury bonds and notes are rallying, pushing down yields.
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Still, with the Federal Reserve buying bonds and pushing down yields on all fixed-income investments, investor appetite for junk bonds may continue unabated even if the opportunity for price appreciation is limited.
One big question also hanging over the market is whether the BOJ can succeed in pushing down yields in its bid to force banks out of the safety of government bonds and back into the business of lending money.
They have been emboldened by the success of the ECB's three-year bank loans in pushing down bond yields for troubled-but-solvent countries like Italy and Spain.
Demand rose for the benchmark 10-year U.S. Treasury bond, pushing yields down to 1.936%.
Prices for Treasury bonds soared into the stratosphere, pushing the yields down.
Only the U.S. dollar and U.S. Treasury markets rose, pushing yields down.
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Pushing bond yields down, not up, was the original justification for QE.
With few attractive alternatives, investors are squirreling away savings in Treasurys, which is pushing prices up and yields down.
Flex activity, therefore, favored issuers over investors by a 2:1 ratio in July, pushing down new-issue clearing yields across the board.
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Seems the ECB has bought five-year bonds in both Italy and Spain, pushing yields on both down about 60bps to below 5 per cent.
And once Spain has agreed a programme of economic reforms, the ECB now stands ready to intervene in secondary bond markets, pushing prices up and yields down.
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Meanwhile, demand rose for the safe haven 10-year U.S. Treasury bond, pushing yields on the note down to 1.723%.
But when pushing A-Rod down from 3rd to 5th in the lineup for Game 4 failed to produce more productive yields, Coach Girardi had given his big dog the last bone of this particular series.
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