Ten year note on radar

10yr note

As we approach the September FOMC meeting it is worth watching the movement of the 10 year note over the next few weeks. The reaction function of the yield level has been much lower to the volatile global equity & currency market movements this summer and this month. Having made successive higher lows over the last year, I think its very important to watch if it retests the highs of the year and whether it is in the process of an adjusting to a slightly higher range than we have seen for the year. Market expectations have been for a flatter yield curve as the Fed normalizes, however this may not be the case. It is on my radar screen.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s