FYI: Just as everyone projected, interest rates have fallen off a cliff since peaking at more than 3.2% last fall:
Just kidding. Basically no one saw this coming:
The decline has caught nearly everyone by surprise. In January, none of the 69 economists surveyed by The Wall Street Journal predicted yields would fall below 2.5% by June. The average forecast was about 3%, indicating bonds would have a modest selloff by now.
I love this headline from the Wall Street Journal from this week about the rates story:
Regards,
Ted
http://awealthofcommonsense.com/2019/06/gathering-investment-lessons-from-the-headlines/
