Initial Jobless Claims Plunge To Lowest Since The '60s

Initial jobless claims in the last week tumbled to 207,000.

This is the lowest level of claims since November 1969 (when The Beatles' "Abbey Road" album was #1 in the US)...

...and still no wage pressure...

And is this why the yield curve is collapsing? It's pricing in the 'end' of the cycle, not a renewed cycle?