US 10-Year Meets Our May 2014 “2-10% to 2.05%” Target
Posted on: Wednesday, December 17th, 2014
Back on May 16th of this year with the yield of the US 10-Year Treasury Note at 2.51%, John Kosar appeared on CNBC’s Closing Bell to say that he was looking for a deeper decline to 2.40% by the 3rd Quarter after which — if 2.40% was broken — would clear the way for an eventual move down to the 2.10% to 2.05% area.
The 10-Year subsequently declined to 2.40% by August 15th, and met our 2.10% – 2.05% yesterday, December 16th, via a 2.07% closing yield.
You can view John’s May 16th CNBC appearance by Clicking Here.
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