For references purposes, below are two charts that show the trend in interest rates for various Treasuries, including the 3-Month, 2-Year, 5-Year, 7-Year, and 10-Year. Of note, yesterday the yield on the 10-Year Treasury fell below 2% on an intraday basis, but closed at 2.09%.
A chart showing the interest rate trends of the last 20 years:
(click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author)
A chart showing the interest rate trends of the last year:
(click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author)
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1862.49 as this post is written