When a major benchmark in the market falls to near-historic lows, you had better pay attention. Thatâ??s certainly whatâ??s happened with long-term interest rates, i.e. the yield on the benchmark 10-year Treasury Note.
The chart below of $TNX shows the rapid decline in bond yields since July, a decline that continues today.
Now, there are many reasons for the decline in bond yields and the subsequent rise in bond prices (remember that bond yields move the inverse of bond prices), and this situation tells us a lot about whatâ??s happening in the world right now.
Read more about why you should pay attention to non-correlated assets at Eagle Daily Investor.