"The yield on the benchmark 10-year Treasury note was poised for its largest weekly rally since November 2016 as investors checked prior concerns that the U.S. was careening toward an economic downturn." – CNBC
See, one good economic data point and apparently everything is "A-okay."
Be careful with that assumption as the backdrop, both economically and fundamentally, does not support that conclusion.
While the 10-year Treasury rate did pop up last week, it did little to reverse the majority of "inversions" which currently exist on the yield curve. While we did hit the 90% mark on August 28th, the spike in rates only reversed 2 of the 10 indicators we track.
Nor did it reverse the most important inversion which is the 10-year yield relative to the Federal Reserve rate.