U.S. economic strife leads to lower Treasury yields: PIMCO 

The failure of policymakers to stabilize the U.S. economy and the housing sector is encouraging investors to favor private bonds and overseas commercial real estate investments, analysts said this week. William Gross,  managing director with bond giant PIMCO, wrote Tuesday that “strangely enough, matrimonial discord between rich and poor (in the U.S.) has led to lower, not higher, Treasury yields, and approaching recessionary winds forced the Fed and private investors to favor bonds.”