New Record Low Yields on 10-Year and 30-Year Bonds: Double Cut?

by Mike ‘Mish’ Shedlock
Mish Talk

Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.

CME Fedwatch Odds

[…] If these yields hold the Fed will practically be forced to cut interest rates by 50 basis points on March 18.

As it stands a quarter point cut would leave the 10-year treasury yield inverted with the Effective Fed Funds Rate by 16.3 basis points.

What’s Happening Background

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