There has been a lot of economic naysaying about impending economic doom. Worries about tariffs, slowing growth, and inflation have confused the market. Despite this wall of worry, the economy just keeps cruising along. An indicator of our economic health is the recent trend in the 10-year treasury rate. Recently the 10-year treasury rate fell to 2.14%. At the same time last year, it was 2.89%, so the decrease of 75 basis points is significant. On a percentage basis, this is a 25% decrease. This may reflect a market reaction to the Fed’s new cautious stance as to future interest rate hikes. It may also reflect a view as to the quality of the current economic expansion. Lower rates, especially in the 10-year treasury, are usually a good sign of healthy economic fundamentals. Let the good times roll!