It is my view that bond yields have likely made a generational low in the last few days, just as the generational low was made in stocks back in March 2009. Following the Brexit vote the yield on the U.S. 10-year note hit an all-time record low of 1.35%; I believe this could be a generation low in yields based on the following observations: * Weak Auction: Today's auction features were horrible, the sort of a weak reception one would expect at an interest rate low. * Strength in Financial Stocks: The rally in bank stocks, a sector that typically trades inversely with bond prices, has been impressive since last ... (full story)