Despite What Is Said, The World Just LOVE America

1) They just keep on lending $$$$$$$$ to American government (that include the great "lecturer"- China) despite pitiful returns.

2) The Black Swan guru's " Every single human being should have that trade.", now  die a few more times over under a horrible death under a 20 wheeled truck.

Fundamentals

Note and Bond prices continue to rise due to strong foreign demand, as investors head for higher ground. While US investors point to the record low yields in the 10-Year Note, foreign investors may benefit from the exchange rate. This is especially true in the Eurozone, where sovereign debt from some member states is beginning to look like high yield bonds. The departure of Greece from the Euro sets a precedent and others could follow. There has been some safe haven buying from US investors who are uncertain in the near-term future of the stock and commodity markets and prefer some sort of yield, however small, to simply sitting in cash.

Technical Notes

Turning to the chart, we see that the September 10-Year Note pushed to new highs yesterday. Prices quickly fell back into the prior trading range in the 132-134 range in early trading today. It is interesting to note that the RSI indicator has been showing bearish divergence from prices over the past two months. This can be seen as a negative for prices in the future, however, the divergence can last months and is difficult to time on its own. Traders may want to keep an eye on the chart for a reversal pattern.