Lending Update 10/23/2017
This past week, we saw the 10-year yield bounce back up about half-way in its latest trading channel (see blue lines in the graph below). Stepping back a bit, none of this is all that earth shattering. Rates are up…
Lending Update 10/16/2017
The upward trend in the 10-year yield took a breather over the last week. In the graph below, one can see a pull-back from both the green upward trend line and the red resistance line. I do not see anything…
Lending Update 10/09/2017
The rise in the 10-year yield continued this last week. At this point, my best guess is that the perception of the FED unwinding QE is putting upward pressure on the yield. The next point of upward resistance is around…
Lending Update 10/02/2017
The upward movement in the 10-year yield continued over the last week. Looking at the chart below, the next level of resistance would be around 2.4%. 2.6% then comes after that (which dates back to December of 2016). This upward…
Lending Update 09/25/2017
Relatively speaking, last week we saw a fairly significant rise in the 10-year yield (see graph below). Forgetting the various sociopolitical issues for the moment, it seems that the interest markets are actually concerned about the FED unwinding the stimulus…
Lending Update 09/18/2017
The 10-year yield actually moved up a bit over last week. Some possible factors influencing the upward trend were Irma’s relatively benign losses, the perception of improved US economic health, and the expectation of rate increases in both the US…
Lending Update 09/11/2017
Last week, the 10-year yield broke through its support at around the 2.13% level (see the graph below where the red circle and the blue line intersect). I can sit here and tell you that it is Harvey, North Korea,…
Lending Update 09/04/2017
The 10-year yield continued its downward trend once more. There seems to be enough global and economic uncertainty to keep yields down. The 10-year yield has been in this downward trending channel dating back to the beginning of July. Articles…
Lending Update 08/28/2017
The 10-year yield continued its trend down this past week. In the graph below (depicting the last 12 months), you can see we are again at the lower end of the blue line channel. From an interest rate perspective, things…
Lending Update 08/21/2017
The 10-year yield essentially stayed the same this past week. Note that yields have been trending lower since early July. And typically, the stock and bond markets do not like instability. This instability would translate into a downward trend for…