US 10-Year Yields Meet Our 2.40% Target. Now What?
Posted on: Thursday, May 29th, 2014
Two weeks ago, on May 15th, John Kosar appeared on CNBC’s Closing Bell with hosts Bill Griffeth and Kelly Evans and a panel of analysts, portfolio managers, and journalists to discuss upcoming direction in benchmark US interest rates. Theyield of the benchmark US 10-Year treasury Note had just touched 2.50% from as high as 3.00% at the beginning of the year.
During that appearance (video below) John said that the 10-Year was headed for an upcoming test of 2.40%. Yields touched 2.40% today on an intraday basis.
John also said that 30-year mortgage rates could dip below 4.00%, which is also occurring today according to some lenders.
Asbury Research subscribers can view our most recent analysis and forecast for US interest rates and Treasury prices in Monday’s Keys To This Week report by Clicking Here.
US 10-Year Yields Meet Our 2.40% Target. Now What?:
May 29th, 2014 at 12:06 pm
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