/Cramer says it’s hard to understand why Americans would buy U.S. bonds
Cramer says it's hard to understand why Americans would buy U.S. bonds

Cramer says it’s hard to understand why Americans would buy U.S. bonds

Jim Cramer

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Wednesday he can’t come up with a reason for why American investors would be buying 10-year U.S. Treasurys right now.

The yield on the benchmark note dropped to 1.3% at 8:40 a.m. ET, the lowest level since late February. As recently as mid-May, the 10-year Treasury yield touched 1.7%, before beginning a steady fall.

Appearing on “Squawk Box,” Cramer suggested that foreign buyers piling into U.S. bonds could be the driving force in pushing rates down. Yields move inversely to price.