Stormy Monday: 10-Year Treasury Yield Slumps To 1.09% As Entire US Yield/Swaps Curves Below Fed Target Rate (Dow Up 100 pts on Opening)

It’s a stormy morning.¬†Will Tuesday be just as bad?

We begin the week with the US Treasury 10-year yield falling to 1.09%.

t10y

And the US Treasury and Dollar Swaps curves are entirely below the Fed Funds Target Rate (upper bound).

ycfed

The good news? The Dow is up over 100 points on opening.

dowuo

Tell me how do you feel?

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