Warning: Invalid argument supplied for foreach() in /home/thiswe46/public_html/wp-includes/class-wp-hook.php on line 277
Tale Of The 10-Year

Tale Of The 10-Year

The above chart, or similar version, made the rounds a year ago.  The yield on the 10-Year Treasury closed above a very, very long term trendline as Q1 came to an end.  The consensus view that followed was that the ‘bear channel’ that had held rates in a...
The Inversion

The Inversion

There was a huge move in interest rates this week, especially in the long end.  The 1-Year Treasury is now yielding more than the 10-Year.  The last time this happened was in late 2005.  Before that Sept. 1998, and January 1989.  What happened next?   1) Dec ’05...