The bond market is shouting at you. It began when the 10-year Treasury note traded below a 2% yield in late summer. If you were alive the last time that happened, you qualify for Medicare.
Throughout the liquidity crisis of 2008, rates on that benchmark bond didn't get that low. Not when Lehman collapsed, not when the U.S. economy was losing 600,000 jobs a month, not when the Treasury was "forced" to guarantee even commercial paper issued by corporations for money market fund holders.
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