Your Survival Guy can live in a four percent world. Take a look at today’s yield curve. The 10yr Treasury is at levels we haven’t seen since 2008.
Action Line: Don’t let market timing get in the way of well-laid plans. Let’s talk.
P.S. Quentin Webb discusses the market’s view of treasuries recently in The Wall Street Journal, writing:
U.S. Treasury yields are testing highs last seen in the 2000s, back before the global financial crisis ushered in the era of super-easy monetary policy that the Fed is now rapidly unwinding.
If the 10-year yield ends the day above 4.231%, that will top the peak set last October, which was the highest since 2008.
Two-year yields are also climbing, and are around 5%. On an end-of-day basis, the milestone to watch here is 5.064%. Reached in March, that was the highest since mid-2007.
These yields, which move inversely to bond prices, are some of the most important rates in global finance.
E.J. Smith - Your Survival Guy
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