Interest Rate Arbitrage

Maybe someday
Saved by zero
I'll be more together
--The Fixx

Perhaps the president won't have to wait for the Fed to lower rates some more. The bond market appears to be leading the way.

After the past week's events, Ten Year yields have broken to new lows for the move. They now sit at about 1.86%.

Interest rate arbitrage between those at zero or lower (e.g., EU, Japan) and those at greater than zero (US) is revving up.