As expected, the US 2Y yield has likely put in a multi-month low on major oversold conditions in this panic.
The path to lower recessionary yields won't be a straight line. 
Discussion
What does lower recessionary yield mean?
Yields fall into and during recessions. Here is more on the interest rate fallacy: https://www.bitcoinandmarkets.com/understanding-the-interest-rate-fallacy/
Read it. Thanks. Makes more sense
that ending was good BTW : "Credit is still possible with bitcoin, but commodity money is a financial asset without counterparty risk, and therefore, would go a long way to constraining the spread of contagion in the economy. Balance sheets would inherently be more secure with bitcoin than when all financial assets are someone else’s liability."
Fed is always late to every hike or cut