10 year yield trades at lowest level since October 2017
The low reached 2.2922% today
The fall in stocks and concerns about global growth has helped to push the yield on the 10 year note to a low of 2.2922% today. That is the lowest rate since October 2017.
Technically, it is also testing the 50% of the move up from the July 2016 low at 1.318% to the October 9, 2018 high at 3.2594 at the 2.2887%. The midpoint can act as a pivot for bulls and bears. So this area may be a key barometer for "the market".