ORIGINAL POST: This is all you need to know.
All the economic data was bad today:
ADP, initial claims, Chicago PMI, Challenger Job Cuts, and GDP were all bummers.
US stocks are down (S&P off 0.66%) and the yield on the 10-year — what people are willing to accept to lend to the US government for 10 years, is down to just 1.57970%.
The rates fall further. 1.5780%
The yield just keeps dropping. Now 1.5746%
MORE DROPPING! Now the yield is down to 1.55610%
The yield, it’s melting! Now down to 1.53760%
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