Yield Sign

No clue
Of what's happening to you
And before this night is through
The rhythm is gonna get you
--Miami Sound Machine

Ten yr yields breaking below near term support of ~1.7% this am. Pulling back the time horizon, sure looks like a challenge of the all time lows of about 1.5% are pending.

In a NIRP world, investors apparently see earning less than 2% for 10 yrs on US debt as valuable.

At some point, those perceptions will be crushed.

no positions