FYI: Almost nobody saw the nosedive in bond yields coming, but a few players were positioned well enough to profit. Some think there is more room for yields to fall further.
The drop in 10-year Treasury yields in recent months has been rapid and in many quarters completely unexpected. The 10-year Treasury yield settled Friday at 2.085%, down from 3.23% in early November, the biggest decline over a similar stretch since early 2012.
Regards,
Ted
https://www.wsj.com/articles/some-investors-had-hunch-yields-were-about-to-fall-11560072600
