- The Big Picture - http://www.ritholtz.com/blog -

Chart of the Week: TNX (10 Year) Yield, weekly

Posted By Barry Ritholtz On May 10, 2004 @ 3:57 pm In Finance | Comments Disabled

Long-term chart of the 10-year shows rates have moved off the lows in July 2003. In our view, the market has been expecting increases for quite some time now.

TNX (10 Year) Yield, weekly
Source: StockCharts [1]

The same trend holds true for Crude: Oil prices broke out months ago. We observed in November 2003 [2] a breakout in crude oil over $32.25 would send oil to $36 – 38 levels The commodity tore through the $38 levels.

Random Items:
Betting on four (rate increases) [4]
Soldiers’ warnings ignored [5]
Rate level is no yardstick to predict the future [6]
Economy: Where Presidents Have No Power [7]
Grasso demands an apology from NYSE [8]

Quote of the Day
“…that is certainly not the case for our yawning fiscal deficit. Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces that stabilize other imbalances.”
-Fed Chief Alan Greenspan [9]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/05/chart-of-the-week-tnx-10-year-yield-weekly/

URLs in this post:

[1] StockCharts : http://stockcharts.com/def/servlet/SC.web?c=$TNX,uu[l,a]waclyyay[pb50!b200][vc60][i]&pref=G

[2] November 2003: http://bigpicture.typepad.com/comments/2003/11/oil_prices_appr.html

[3] GLOBAL CONSUMER REGARD FOR U.S. BRANDS DECLINES: http://www.adage.com/news.cms?newsId=40461

[4] Betting on four (rate increases): http://www.globeandmail.com/servlet/story/RTGAM.20040507.wmerrill0507/BNStory/Business/

[5] Soldiers’ warnings ignored: http://www.baltimoresun.com/news/nationworld/iraq/bal-te.guard09may09,0,2180279.story?coll=bal-home-headlines

[6] Rate level is no yardstick to predict the future: http://news.independent.co.uk/business/comment/story.jsp?story=519648

[7] Economy: Where Presidents Have No Power: http://www.time.com/time/magazine/printout/0,8816,1101040510-632121,00.html

[8] Grasso demands an apology from NYSE: http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1083180371582

[9] -Fed Chief Alan Greenspan: http://www.federalreserve.gov/boarddocs/speeches/2004/200405062/default.htm

Copyright © 2008 The Big Picture. All rights reserved.