Yields across most time frames have eased dramatically since November of 2018.  By no means was this expected.  In 2018 Goldman Sachs expected four rate hikes in 2019, the market is now pricing in two rate cuts.  Quite a change of course. 

3-Mo: 2.41% –> 2.35% (-6 bps)

1-Yr: 2.74% –> 2.11% (-63 bps)

2-Yr: 2.98% –> 1.82% (-116 bps)

3-Yr: 3.05% –> 1.79% (-126 bps)

5-Yr: 3.09% –> 1.83% (-126 bps)

10-Yr: 3.24% –> 2.07% (-117 bps)

30-Yr: 3.46% –> 2.53% (-93 bps)

Hat tip Charlie Bilello of Pension Partners