Rally in bonds pushes yields lower
The Fed statement and forecasts sent yields lower. The 10-year is down 6.5 basis points to 2.5477%. That's just above the top end of the Fed funds band of 2.50%. Three month bills are yielding 2.412%, which leaves about 13 basis points of breathing room.
Technically, the January low on the flash crash was 2.5412% which is less than half a basis point from the current level.
Update: Busted now.
