Earlier today, Christine Legarde, Head of the IMF announced that the IMF intends on lowering its growth forecasts because of the weakess in the Emerging Markets-- 3.3% "is no longer realistic."
Let's keep in mind, that she warned Fed Head Yellen not to raise rates a few weeks ago.
Lagarde continues to pressure Yellen to avert a rate hike, even one of just 25 bps!
No wonder longer-term rates are under pressure, which is exacerbated today by equity-market weakness and flight to safety into bonds.
Next target zone for YIELD: 2.05% to 2.00%.