The 30-year long bond yield rose above 2.00% on September 5 and stayed above that rate for over a month.

From September 13 through 15, the yield topped at 2.375%.

I am wondering how much of that spike is related to overnight funding topping 10.0%.

Regardless, welcome back sub-2.0% we missed you.


A slew of bad economic reports is behind the collapse.

On October 1 the ISM reported Manufacturing Worst Since 2009 on Severe Contraction of Export Orders.

Also note, the Fed has Recession Tools, Promises to Use them Quicker Next Time.

Mike "Mish" Shedlock

My Conversation With the 30-Year Long Bond

For the third time, the yield on the 30-year long bond dipped below 2.0%. I asked Mr. Bond some questions.

Hello Ten-Year One-Handle, Hello Gold

Gold blasted $48 higher today and the 10-year Treasury yield briefly fell below 2.0% with Mideast tensions rising.

Welcome Back! 5-Year Treasury Yield Sinks Below 2%

Hello one-handle: In response to Trump's misguided Tariff tactics on Mexico, bond yields continue to crash.

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.

Would You Rather Have a Dollar Today or 89 Cents Ten Years from Now?

On August 16, the yield on the Swiss 10-year bond fell to -1.132%. Consider the implications.

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%.

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.

“One Big Worldwide Bubble”: Cusp of 30-Year Bear Market in Stocks and Bonds

In a Bloomberg TV interview, Milton Berg, founder and CEO of MB advisors says “We’re at the cusp of a 30-year bear market in stocks and bonds.”