Just past 2 p.m. on Tuesday, Victoria Fernandez, chief market strategist at Crossmark Global Investments, was watching the 10-year Treasury make history. And wondering when people would realize how bad it was.
“It’s at .93,” she said as the yield dropped below 1% for the first time ever. “It’s starting to feed on itself,” she said. A moment later: “We’re now down at 11 basis points. It’s .91.”
