Measuring Treasuries

Just a little more time is all we're askin' for
Cause just a little more time could open closing doors
Just a little uncertainty can bring you down
--Corey Hart

Yesterday, 10 yr Treasury yields dipped below 2% for the first time. Investors want out of risk, and are currently seeking perceived safety of longer dated Treasuries (despite the recent US credit downgrade).

In a vaccum, this is deflationary action.

Technically, hard not to wonder whether we're putting in a double bottom here.

Seemingly, if we knife decisively below 2%, then it's a brave new world...

no positions