If you’ve been paying attention to the bond market (which, let’s be honest, most people don’t unless something crazy happens), you might have noticed that yields are slipping. That’s right—Monday brought a slight drop in Treasury yields across the board. The 2-year yield edged down to 4.02%, the 10-year to 4.29%, and the 30-year to 4.59%. Small moves, but enough to get the financial world chattering like a bunch of analysts at a happy hour. Why the Rate Drop? Markets seem to have put on their "risk-off" hats, which is just a fancy way of saying, "Let’s be careful; something might be up." Retail sales data, the Empire State manufacturing survey, and home-builder confidence reports were all set to drop, making investors a little cautious. And, to add some political spice, White House officials hinted that the economy might need a bit of a reset. (No word yet on whether that involves unplugging and re-plugging the entire financial system.) Barclays even went so far as ...
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