Yields for 10 year treasury notes dropped by 17 basis points today, ending the day at 3.28%. Today’s auction showed high demand for safety is back and alive.
Below the daily chart:
Click on image to enlarge.
So far this is exactly what I have been expecting as I explained in Inflation Fears vs. Reality. Hyperinflationists are unable to explain what is happening and can only watch this trend with confusion.