I like to extend a warm welcome to the five new subscribers who joined us since the last blog post. Your support is a major motivator to me to keep this going.
I am sure most of you would have heard of, read about or tracked the recent steep rise in the yields of 10 years US Treasury Notes. They are basically the bonds issued by the US government and the yields are “interests” paid by them to the bondholders. The 10 years Treasury Note is of the most significance among all the Treasury notes and is the most widely tracked by the market. It not only determines the mortgages rate in US but also provides a signal of investor confidence to the market. It is said that the higher its yield, the higher the confidence level.
The yield of the 10 years Treasury Note hit 3.128% briefly last night