Market Mayhem

With COVID-19 fears pervasive, the yield on the 10-year Treasury note fell to 1.361% this morning, a shade below its prior low of 1.366% set in 2016, while the 30-year yield hit a new low of 1.821%. This suggests a global slowdown and very weak inflation. If the virus continues spreading, expect the Fed to cut rates a quarter-point at their 6/10/20 meeting, possibly as early as the 4/29/20 meeting.