Are bonds in a bubble?

I've heard that sanctions have attacked profits in some American companies. Also that Belgium is buying US treasuries like no tomorrow. So my guess is that some really really bad news is coming out of Europe.

But belgium is such a small country.
 
I've heard that sanctions have attacked profits in some American companies. Also that Belgium is buying US treasuries like no tomorrow. So my guess is that some really really bad news is coming out of Europe.

Some 300 pips sell off the last few trading sessions.
 
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