Not even amidst the panic of late 2008 have 10-year Treasury yields closed the year below 2%,...
Not even amidst the panic of late 2008 have 10-year Treasury yields closed the year below 2%, but - barring a big move - that will change today. The 10-year is off another 4 basis points to 1.86%, not far from the 1.70% of late September when fear in equity-land was palpable. Treasurys have handily beat stocks this year, the 10-year returning 9.7% (as of Thursday), the 30-year returning more than 30%.
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