After another brutal day for stocks Friday, "Fast Money" traders discussed how to play defense.
The major U.S. averages each fell more than 2 percent Friday, bringing the S&P 500's losses to 8 percent this year. Amid the selling, U.S. bond prices rose, sending the 10-year Treasury note yield briefly below 2 percent.
Trader Guy Adami believes the 10-year yield could fall to 1.5 percent or lower. To play it, he looked to the iShares 20+ Year Treasury Bond ETF, which rose 1.6 percent on Friday and is up more than 4 percent for the year.