10 Year Treasury Yield Breaks To New All-Time Low
10Y Treasury yields just broke to new all-time record low yields (marginally lower than the 9/23 1.6714% previous lows) and while the 'rates-can't-go-any-lower' crowd perhaps have not looked at JGBs recently (as in the last decade) in price terms, 10Y Treasury Futures have gained 4.6% since 3/20 swing lows while the S&P 500 has lost 6.0%. On the bright side, at least the front-end isn't inverted yet...yet.
At the same time 30Y yields are inching towards their own record low yields, having brokemn Deceber lows and back to Oct 2011 levels (still 7bps off the intraday low yields of 2.6922% for now).
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