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10-year Treasury rates are already low, but they are on the cusp of going even lower. The printing of money and the contracting economy will be blamed for the disinflationary forces that are now bestowed upon us, and that will send rates on the 10-year to nearly 0%. It seems like a wild idea, but then again, who could ever imagine rates on the 10-year would fall to 60 basis points.
As the nominal GDP contracts and money grows more rapidly, the velocity of money will fall. As that velocity decreases, so do inflation rates