Yesterday, the yield on the 10-Year Treasury went below 1.90%, before closing at 1.963%.
As a reference, here is a long-term chart of the 10-Year Treasury yield since 1980, depicted on a monthly basis, LOG scale, with price labels:
(click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2019.49 as this post is written