Down Goes 10-Year Yield
Mike Paulenoff | Sep 28, 2015 03:20PM ET
IMF head Christine Legarde announced on Monday that the International Monetary Fund intends to lower its growth forecasts due to emerging-market weakness -- 3.3% "is no longer realistic."
Let's keep in mind that she warned the fed not to raise rates a few weeks ago.
Lagarde continues to pressure Yellen to avert a rate hike, even one of just 25 bps.
No wonder longer-term rates are under pressure, which was exacerbated Monday by equity-market weakness and a flight to bond safety.
Next target zone for yield: 2.05% to 2.00%.
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