13. News comes out today that suggests that the stock market is much less attractive than before (corporate earnings have gone down greatly). What will happen to U.S. Treasury Bond Prices and Yields today as a result of the news? You will need to use the Mishkin and Eakins analysis in your answer and correctly label the graph.

Example 1: Expect lower interest rates-Bond demand shifts right: lower yield and higher bond prices Low Yield High price Bond supply Treasury Bond demand shifts to right Treasury Bond Price Treasury Yield Bond demand Low Price High Yield Quantity of Treasury Bonds Example 1: Expect lower interest rates-Bond demand shifts right: lower yield and higher bond prices Low Yield High price Bond supply Treasury Bond demand shifts to right Treasury Bond Price Treasury Yield Bond demand Low Price High Yield Quantity of Treasury Bonds