Rates continue push higher, 10-year eyes 3%
Seeking Alpha
Published Feb 15, 2018 07:31AM ET
Rates continue push higher, 10-year eyes 3%
- The last time the 10-year Treasury yield hit 3% was Dec. 31, 2013. Interesting enough, but as David Schawel notes, the yield curve then was far different. The two-year note that day in 2013 was 0.38%. This morning, it's 2.19%.
- It's no wonder leveraged carry players like the mortgage REITs (REM, MORT, MORL) are getting so beaten up this year.
- The sharply flatter yield curve could be reason to pay a bit more attention to bearish economic prognosticators today than we did four years ago.
- The 10-year yield today is up another three basis pints to 2.935%. TLT -0.15%, TBT +0.3% premarket
- ETFs: IEF, PST, IEI, VGIT, UST, DTYS, TYO, GSY, SCHR, TBX, TYD, ITE, DTYL, HYDD, DFVL, TYNS, DFVS
- Now read: Beating The 60/40 Portfolio With Less Volatility Using Leverage
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