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One of my proprietary indicators has just given a sell signal for the 10-Year Treasury Note. I predict that the 10-Year Yield will rise from the current 4.69% to at least 5.35% by June 2007.

It is apparent that 15-Year and 30-Year Mortgage Rates are also rising.

Short-term interest rates are holding steady for now, resulting in a new trend toward flattening of the inverted yield curve which has been with us since July 2006.

These subtle changes have far-reaching implications for the economy and for the stock market, especially for banks and utilities and the REIT and housing sectors.

Source: Long Term Interest Rates Are Rising