A key reason 10-year Treasury bond yields have fallen from about 3.1% in Mid-November to just 2.75% today, despite a strong domestic economy, is weakness in Europe. Yields on 10-year German bonds have fallen from 0.55% in October to just 0.15%. Why? Italy is in recession, Brexit hangs over the continent and European GDP growth is just half what it is here! Thus, Treasuries are suddenly looking much more attractive.