September 25, 2021
New Record Low Yields on 10- and 30-Year Bonds: Double Cut?
Publish date:

New Record Low Yields on 10- and 30-Year Bonds: Double Cut?

Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.
Author:
Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.

CME Fedwatch Odds

Image placeholder title

If these yields hold the Fed will practically be forced to cut interest rates by 50 basis points on March 18.

As it stands a quarter point cut would leave the 10-year treasury yield inverted with the Effective Fed Funds Rate by 16.3 basis points.

RECOMMENDED ARTICLES

What's Happening Background

  1. Feb 19: Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
  2. Feb 24: Bond Yields Crash and Gold Soars on Pandemic Threat
  3. Feb 25: CDC Admits Spread of Coronavirus in the US Appears Inevitable
  4. Feb 25: Lie of the Day: This is Not a Pandemic
  5. Feb 25: Nearly 50% Odds of "At Least" 3 Rate Cuts by December
  6. Feb 26: Trump says We are "Very, Very Ready for the Coronavirus, for Anything"
  7. Feb 27: Useless Act: California Monitors 8,400 People for Coronavirus; 33 Test Positive
  8. Feb 27: Containment Fails: Coronavirus Tweets of the Day
  9. Feb 27: Tweets of the Day: Iran's VP Infected, Japan Closes All Schools
  10. Feb 28: 5 Mistakes by the CDC and FDA Set Back Virus Testing

Mike "Mish" Shedlock

Record Low 30-Year Bond Yield and Record High on Gold Coming Up

Once again, the yield on the 30-year long bond is below 2.0%. I expect a record low yield shortly. Gold will benefit.

30-Year and 10-Year Treasury Yields Approach Record Lows

Curve Watchers Anonymous notes treasury yields on the 10-year notes and 30-year long bond are within spitting distance of all-time low yields.

30-Year Bond Yield Just a Hair from Record Low, 2-10 Yield Spread Near Inversion

Bond yields resumed their post-FOMC crash today after a weak two-day respite. Inversions strengthened across the board.

Hello Treasury Bears: 10-Year Bond Yield Approaching Record Low Yield

Treasury yields are down again today, the 6th straight day of strengthening inversions. 30-year to FF inversion on deck.

I Expect New Record Low Long Bond Yield

Every attempt of the 30-Year long bond to break out of a decades-long downtrend fails. At the end of October, the long bond yield was 2.96%. Six days into November, it's back at 2.80%. Meanwhile, short-term rates continue to rise. We are a recession away from a new record low yield on the long bond.

Entire Yield Curve Inverts, 30-Year Long Bond Yield Dives to Record Low

The stock markets are getting clobbered and bonds are on fire as recession fears escalate.

30-Year Long Bond Yield Crashes Through 2% Mark to Record Low 1.98%

The bond rally continues this evening with the Fed in denial and Trump howling.

Currency Wars: Greek 10-Year Bond Yield Dips Below 2% as Bets on Rate Cuts Rise

For the first time ever, Greek 10-year bond yields dipped below 2%.

The Fed Will Cut Rates on March 18

It's now baked in the cake. The Fed will cut rates on March 18 and most likely at least twice more.