Quote from gharghur2:
"The big story, however, was the refunding and the demand for the 30yr Bond, which drove rates back down to the 4.5% level. This creates a total yield inversion between the 2yr, 10yr and 30yr: 4.69% - 4.58% - 4.54%. This has not occurred in five years, the last time we had a recession. Posting a 30yr chart of the history of this type of event. I'm not a bond expert by no means, but many are stating that the rules have changed and the yield inversion is going to be a normal phenomenon into the foreseeable future. I seem to recall the same statement about the dotcom's in the late 1990's before nearly everything went bust. We'll keep an eye on this yield inversion."