Just a note for those of you who follow the 60 year long Kondratieff cycle.

Today (Nov. 20) both the 10 and 30 year bond took out their previous 2002 secular lows. The secular interest rate decline from 1981 is still intact, but at 27 years, is near to its turning point -- most likely whenever this deflationary recession ends.

From that point until ~2040 a secular rise in interest rates can be expected.