It was once every investor’s touchstone. Now, the 10-year yield ‘has apparently lost any heartbeat.’

For years, the 10-year U.S. Treasury note has been every investors touchstone. Now some people are saying they cant trust its signals the way they once did.
The yield on the benchmark U.S. government security, long a key economic barometer for financial markets around the world, barely budged in response to Fridays better-than-expected jobs report. It now enters the week parked near record lows around 0.55%, with investors preparing to parse stimulus talks, data on inflation and new tensions between the U.S. and China.
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