U.S. and British recoveries are quite similar

The economies of the U.S. and Britain have had much in common through the recession and recovery, according to The Economist. Their similar yields for 10-year government debt suggest that the status of the countries as safe havens are more important to government-bond buyers than the fundamentals of their economies. "Or perhaps something else is at work. But it does seem that one would be hard-pressed to look at either British or American yields and tell a story about market concerns over deficits or inflation," the magazine notes. Full story here