The 10-year Treasury yield accelerated to a record low of 1.45% after plunging through the prior 1.7% low like a hot knife through butter [Figure 1]. For most of the month of May, the 10-year Treasury yield hovered between 1.7% and 1.8%, the low end of a nine-month range, before powering lower. The last time yields were near this low was immediately following World War II…

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Record Rate