anshultongia

10y yields are low because the Fed just announced that they're expecting that we'll be in near-recession or recession for the next 2 years.

This means that employment is going to be weak or declining, and housing prices are going to go lower. It's simply extra risky to lend to people who don't have a printing press to pay back their debts, and spreads reflect that.

It's not a judgement about your specific creditworthyness, I'd venture.