Treasury Drop is Harbinger of a Fearful Market

The 10-year Treasury yield tumbled lower than 1.9% today, before coming back up for air just above 2%. This marks the first such occurrence in over a year and a half. To further these woes, the VIX rose to 27, a new multi-year high. This stumble is just one indication of growing uncertainty of the US economy's future. With retail sales figures slumping, the Ebola scare bringing down stocks in multiple sectors, the underperforming EU, and the dramatic increase of US bond prices, it would not be logical to expect the nation's economy to boast significant strengthening as it moves through the last quarter and into 2015.