Long-term interest rates are surging. After falling below 2.40% in October, the ten year T-note yield has risen to 3.26%–an increase of 86 basis points. An investor who purchased long bonds at their yield low is down almost 7% in only two months. That’s almost 3 years worth of interest.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Are your Part of the Market’s Most Crowded Trade? - October 23, 2017
- Currency Traders Don’t Like New Zealand’s New Government - October 20, 2017
- The Bears have Punched Themselves Out - October 19, 2017