The Drop in Rates and the Signal It's Sending to the Markets

The 10-year yield, what, lowest close in seven months? Yes. The two-year note is just right there, very close. Few base points away from the same thing. All maturity is closed under yesterday's low yields. Three months to 10's, the real recession spread, is at minus 153. What are central banks doing? I like your conversation about gold. Well guy, I was in the pits in 1980. And if I do my math correctly, adjusted for inflation, the current price of gold is nowhere near where it should be. That's what I said. PHYS. Did you say PHYS, I was froff physical, got it. that's