This note is a guest con­tri­bu­tion by Bespoke Invest­ment Group.

Remem­ber back in April when the yield on the ten-year was approach­ing 4% and every­one seemed to be wor­ried that the era of low rates was over?  That didn't last long.  Less than three months later, the ten-year yield is not only lower, but it's also on pace to close today at a 52-week low of 3.14%.  Since April's peak in inter­est rates, there have been no short­age of con­cerns pop­ping up regard­ing Europe and the strength of the US economy.

How­ever, it is some­what ironic that the ten-year yield is on the verge of a 52-week low on the same day that the Busi­ness Roundtable's index of CEO Out­looks hit a four-year high.  In its lat­est sur­vey, the Busi­ness Round­table found that, "our mem­ber CEOs plan to con­tinue hir­ing and expect improved sales."  Who will be right? CEOs or the bond market?

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Source: Ten-year Trea­sury Yield Hits 52-week Low

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