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
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