The yield on the benchmark – year Treasury bond hovered within a 3 basis-point range on Wednesday. It was last seen at 1. 2018%, virtually unchanged near six-week lows. The yield on the – year Treasury note hit a low of 2. %, according to CNBC data. Bond yields move inversely to the price.
Demand for government bonds is on the rise, pushing yields lower. The benchmark – year Treasury note has seen its yield fall roughly basis points since the start of . | Chart: CNBC Are Stocks in a Bubble?
Whether the market is actually in a bubble or merely overstretched is subject to debate, but the fear of overvaluation is resonating with many on Wall Street.
CNN’s Fear & Greed Index
peaked above 125 last week, underscoring an environment of excessive risk taking in the market. The index has since fallen back to , which is still a reflection of ‘extreme greed’.