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The mold has been broken. It took place this morning, as the 30 year Treasury hits a 2.06%, as I am writing my commentary. This is the lowest yield for this security going back decades and decades. It is astounding, really, as the central banks of the world have changed course, with $15.9 trillion in negatively yielding debt, and the Fed, in my opinion, is going to get dragged along, like it or not.
I had predicated, some months ago, that American yields were heading in this direction and that the former all-time low yields