From its highs on 10/26/81 (at 15.2%), the 30Y UST yield has collapsed to below 2.00% today.

Source: Bloomberg

That's quite a trend...

Source: Bloomberg

And for the first time ever, the entire UST curve is below 2.00%...

Source: Bloomberg

What a difference a year makes...

Source: Bloomberg

And don't forget the Effective Fed Funds Rate is 2.12% - above the entire curve - Well done Fed!!!