John Roque notes most investors he’s spoken with “continue to have difficulty considering the major transition that’s occurred for the 10 year Treasury yield – it was going down and is now, incontrovertibly, going up.”
10 Year Yield, 30 year chart
Source: Natexis Bleichroeder
Even the more modest downtrend (the lighter less severe line) has been penetrated to the upside with the 10 Year hitting 5.143% on Monday.
Quote of the Day
“Great spirits have always encountered violent opposition from mediocre minds.”
–Albert Einstein (1879-1955)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.