With yields plunging to 2017 lows, the Treasury curve has collapsed with 2s30s at its flattest since early September (and 2s10s at its flattest since early October).
This, as Gary Cohn noted, reflects bond investors' poor outlooks for longer-term growth... which, with equity markets at record highs, is entirely missing from stock investors' minds.
http://player.cnbc.com/p/gZWlPC/cnbc_global
Now where would bonds get the idea that all is not well from?
Of course, there is one simple reason for this...The world's central banks!