The 10-year benchmark US Treasury (US10Y) closed today at 2.39%. The US10Y hit it’s year-to-date high on January 18th and has slowly dropped down to today’s current rate. This is a continued decline extending back to early October of 2018 when the Treasury was at 3.23%. With the threats of a trade war by both the United States and China combines with a bull market that is long in the tooth, investors have continued to slowly reduce their positions in riskier…