Don't look now but the 10yr yield is almost trading with a 1 handle. With the 10-year down 37bps on the year and now trading at 2.06%, 1.99% is just in sight. This is a psychological barrier that could spark a game-changing attitude about growth and the long-term prospects for rates.
It is without a doubt that if you were an investor in March of 2009, you should have bought stocks when uncertainty around the economic future thanks to the Financial Crisis was at its peak. Today marks the 8th anniversary of the "bottom".
The case for rates staying relatively low is somewhat backward facing but here are the main points to consider.
Smart Moves Start Here.