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Lending Update 08/14/2017

The 10-year yield moved down quite a bit from a week earlier. It seems (upon looking at the graphs below) that the US 10-year yield and the German 10-year are very much in sync.  Both have dropped about the same…

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Lending Update 08/07/2017

The 10-year yield continued to do little with regards to movement.  The yield is still in its trading channel (see last week’s graph).  Jobs remain strong; and companies are reporting very positive earnings.  Outside of the lack of harmony in…

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Lending Update 07/31/2017

I thought I would do a quick one-year look-back on the 10-year yield.  In the graph below, the yield had a steady increase until mid-December.  There were the lovely political disagreements that continue to today as well.  Back in December, there was…

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Lending Update 07/24/2017

This past week the 10-year yield pulled back once more.  The graphs below show the moves of the both the US and the German 10-year yields.  For now, it appears the German yield is helping move the US yield downward.…

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Lending Update 07/17/2017

This past week the 10-year yield bounced off the upward resistance line of 2.39% back down to the support line of 2.33% (see graph below).  The bond market appears to have reacted to Janet Yellen’s words believing that the number…

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Lending Update 07/10/2017

The 10-year yield continued its ascent upward over this past holiday shortened week.  With the FED stating their desire to sell their mortgage backed securities (and reduce their exposure), it appears the overall market believes we are moving toward higher…

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Lending Update 07/03/2017

The 10-year yield moved up significantly (16bps) this past week (the largest move since last March).  The move seemed to be in reaction to the movement overseas with the German 10-year (21 bps).  Please see the two graphs below for…

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Lending Update 06/26/2017

The 10-year yield dropped slightly this past week as it tested the lower end of its resistance.  In the graph below, notice that the yield has been bouncing off the blue resistance line at about 2.15%.  Of note this morning,…

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Lending Update 06/19/2017

As expected, the FED raised the discount rate this past Wednesday.  However, for the week, the 10-year yield actually fell slightly.  Welcome to the bond markets not believing that we are truly experiencing growth/inflation at the levels stated by the…

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Lending Update 06/12/2017

Last week saw the 10-year yield rise up very slightly.  Right now we are in a holding period awaiting the FED’s decision come this Wednesday.  Many believe that the expected rate increase is already factored into the existing rates in…

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