datoid

The 10-year Treasury yield hit 4.05% on Sept 15, falling 2.2 standard deviations below its 60-day average of 4.29%. That's the kind of move that usually screams "flight to safety." But here's what's missing: unemployment is at record lows (4.30%), GDP is growing (1.4% quarterly), and inflation remains elevated. This yield drop coincides with unusual economic strength, not weakness. The real question isn't whether investors are fleeing risk - it's whether this represents artificial demand from systematic buying or if bond markets are pricing in policy shifts that equity markets haven't caught onto yet. What's driving this disconnect?