Limited supply of bonds and the ever present hunger for yield have a lot to do with the returns. (indexologyblog.com)
Most of the fundamentals pointing towards higher short - term interest rates and bond yields remained in place; namely, buoyant labour markets, strong consumer confidence and spending, strengthening industrial production, firming inflation and increased supply of bonds. (odlumbrown.com)
At the same time, the fiscal stimulus shifts the required supply of bonds to the right (i.e. more volume is required to fund the increased deficit). (valueinvestingnews.com)