Interest rates pull back

Seeking Alpha

Published Oct 30, 2017 12:10PM ET

Interest rates pull back

  • The 10-year Treasury yield was nearing 2.50% at one point on Friday, but pulled back then, and is lower by another four basis points to day to 2.37%. TLT +0.6%, TBT -1.2%
  • Pick your excuse: Satiated bears covering shorts, the first criminal charges in the special counsel investigation, or GOP waffling on tax cuts all seem plausible.
  • Of the tax cuts, Bloomberg is reporting a source on the House Ways and Means Committee as saying the corporate tax cut could be phased in over a period of years - perhaps 300 basis points per year beginning in 2018.
  • ETFs: TLT, TBT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, TLO, DLBS, VUSTX, TYBS, DLBL
  • Now read: Realized And 'In Progress' Term Premiums For U.S. Treasury Yields: 7 Years Versus 6 Months

Original article

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