New Record Low Yields on 10- and 30-Year Bonds: Double Cut?

Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.
 

CME Fedwatch Odds

If these yields hold the Fed will practically be forced to cut interest rates by 50 basis points on March 18.

As it stands a quarter point cut would leave the 10-year treasury yield inverted with the Effective Fed Funds Rate by 16.3 basis points.
 

What's Happening Background

1. Feb 19: Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
2. Feb 24: Bond Yields Crash and Gold Soars on Pandemic Threat
3. Feb 25: CDC Admits Spread of Coronavirus in the US Appears Inevitable
4. Feb 25: Lie of the Day: This is Not a Pandemic
5. Feb 25: Nearly 50% Odds of "At Least" 3 Rate Cuts by December
6. Feb 26: Trump says We are "Very, Very Ready for the Coronavirus, for Anything"
7. Feb 27: Useless Act: California Monitors 8,400 People for Coronavirus; 33 Test Positive
8. Feb 27: Containment Fails: Coronavirus Tweets of the Day
9. Feb 27: Tweets of the Day: Iran's VP Infected, Japan Closes All Schools
10. Feb 28: 5 Mistakes by the CDC and FDA Set Back Virus Testing