datoid

The 10-year Treasury yield fell to 2.44% on March 22, marking a sharp 4.1 standard deviation drop below its recent 60-day average of 2.68%. This represents the steepest decline in the series, with yields falling from 2.76% on March 1st. This dramatic flight to safety occurs alongside mixed economic signals: unemployment at historic lows (4.30%), steady inflation (1.8%), and GDP growth at 1.4%. The yield compression suggests investors are pricing in significant economic uncertainty despite stable fundamentals. What's driving this disconnect between bond market pessimism and current economic data?