

We are officially entering the cool zone now. The US Treasuries are (were) the gold standard safe investment. It allowed the US to weather financial crashes in the past because the flight to safety lowered borrowing costs giving the government a lot of room for stimulus. The US may not be able to finance its way out of this crash of its own making. It might not be able to finance entitlements and military spending.
Retirees should have mostly moved into bonds from stocks to finance their retirement. Meemaw’s retirement account is getting eviscerated at the exact moment DOGE is fucking with SS. Get ready for Great Depression 2.0 with previously financially set old people in the streets.
I wouldn’t say great. The 10 year is still 15 bps higher than it was at open yesterday and 50 bps higher than a month ago. It certainly responded positively to the 90 day tariff pause.