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I have decided that it is all the fault of the damn Pink Flamingo. It arrived recently from France, and it has just been causing havoc. Equities on Friday got swacked, bonds were up like gangbusters and people were fleeing for safe retreats, safe havens, safe anything, including cash. All while the Pink Flamingo floated about, in my pool.
Heaven help us.
The 10 year Treasury closed Friday at 1.54%. We are only off 18 basis points from the record low, going back to 1950, of 1.36% set on July 8, 2016, according to Bloomberg