FedEx vs. 10yr Treasury

FDX dividend is 0.7%
Treasury is 2.63%

FDX Earnings/Price is 5.6%
Treasury is 2.63%

FedEx earnings power is backed up by a core demand of transportation of goods. Trading close to its cyclical low. Has a duopoly with UPS.
Treasuries are backed now by more and more toxic elements of this recession. And at all time highs. Basically, treasuries are the financial backbone of the US monetary order.

FedEx cash-LT debt = -400mln compared to 18bln market cap - market is saying it has a viable economic model with real assets spread globally.
Treasury debt is in the trillions and backed by the good faith of the US government, not hard currency. Pushed to all time highs, the market is saying nothing else is safe.

I write this to show that as the market heads lower into the open, that does not mean one should panic, but logically plan out his order of attack. And recognize by saving money, and this is odd in this deflationary shock, in the intermediate to long term, the money would have been better saved in a corporate stalwart such as FedEx.