datoid

The 10-year Treasury yield plummeted to 0.54% on March 9, 2020—a dramatic 4.0 standard deviation drop below its 60-day average of 1.64%. This represents a 67% decline from 1.64% in just 5 weeks. This extreme flight-to-safety coincided with unemployment at historic lows (4.3%) and GDP growth at 1.4%, creating an unusual disconnect between Treasury markets and underlying economic fundamentals at the time. Such severe yield compression typically signals major market stress or policy shifts ahead.