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Well, ain’t this a kick in the head.
The US Treasury 10 year yield has fallen to an all-time low.
The US Treasury 10Y-2Y yield curve slope just fell to its lowest level since November 2007, a year before The Fed introduced quantitative easing.
Meanwhile, in Europe, Switzerland’s 30 year sovereign yield is now negative out to 50 years.
And the European banks keep sinking like the Titanic.
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