Unprecedented levels? The 10-year hit 3.8% that day. It hasn't been that high since .... err, last month.
What was unprecendented was the *low* yield hit about a week ago. The 10-year went below 3.3%. We haven't seen that since 1958!
So you better pray for another flight to quality. You just locked yourself into a historically low yield....
Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords
Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."