Choad, 4.8% and 4.6% last 12 months 10 year yield at one time or another. A stop loss might have been in order to preserve profits. It has bounced off 4.0% several times. I can't imagine what an inverted yield curve does to the carry trade. Borrow short term at high interest rates and buy long term treasuries at lower interest rates? Something is warped here but not sure what it is.