Yields dropping across the board today. Short-term, long-term — everything's pulling back.

Usually means one of two things: either the market's pricing in slower growth ahead, or there's a flight to safety happening. Could also just be profit-taking after the recent run-up.

Bond market's been all over the place lately. Worth watching if this holds or if it's just noise. Rates affect everything — mortgages, corporate debt, currency valuations. When the whole curve moves together, someone's repositioning for something.