5 Years Ago Today, Treasury Yields Hit A Record Low... Since Then It's Been Catastrophic

While markets were obsessing with today's BTFD meltup, and predicting when stocks will regain their recent all time high, Jim Reid reminds us that not that long ago, it was bonds that were trading at all time highs. That's right, today marks a notable anniversary: it was exactly five years ago that the yield on 10-year US Treasury yields ht a record low. As Reid showed in his recent Charts That Make You go WOW, never before - since records began in 1790 - had U.S. government yields been as low as the 0.51% reached on August 4, 2020.