The finally tally on Treasury yields finds the 10-year a whopping 22 bps higher on the session...


The finally tally on Treasury yields finds the 10-year a whopping 22 bps higher on the session to 2.73%, and TLT -3.4%. The 5-year gains 19 bps to 1.60% - a pretty tasty yield if the Fed truly isn't hiking rates for another 2 years. IEI - an ETF targeting 3-7 year maturity, -0.8%.

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Comments (15)
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    a 5 year yield at 1.60% considered tasty....with a duration of 4.8.....hmmmm
    5 Jul 2013, 04:13 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (1449) | Send Message
     
    Well then, snap it up my boy, snap it up!
    6 Jul 2013, 09:08 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    By the time this business cycle is complete the 5 year will be
    much higher than it is today....
    5 Jul 2013, 04:42 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    You are admitting that the Fed affects business cycles.
    5 Jul 2013, 05:14 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Other way around...
    6 Jul 2013, 01:21 AM Reply Like
  • User 4542301
    , contributor
    Comments (3854) | Send Message
     
    My TBT is coming back. About time.
    5 Jul 2013, 05:07 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Expect 10yr to hit 3% interim.
    5 Jul 2013, 05:11 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    Fed will have to ramp up treasury purchases if we hit 3%. 5+% mortgage rates will kill the housing "recovery".
    7 Jul 2013, 05:46 AM Reply Like
  • User 4542301
    , contributor
    Comments (3854) | Send Message
     
    If people can't afford 5 and 6% mortgages, we are indeed in trouble. That is historically low to moderate rates.
    7 Jul 2013, 05:56 AM Reply Like
  • genomegk
    , contributor
    Comments (826) | Send Message
     
    Rates up despite QE. Does anyone really doubt this trend will continue regardless of what the Fed does?
    6 Jul 2013, 02:25 AM Reply Like
  • june1234
    , contributor
    Comments (4347) | Send Message
     
    Mortgage apps are down 40+ % since rates began rising in May. Good indicator of how tight credit remains and the types of jobs being created in this recovery.
    6 Jul 2013, 07:34 AM Reply Like
  • Gigem77
    , contributor
    Comments (2245) | Send Message
     
    Doug Noland's commentary is on this subject this week. http://bit.ly/1a0XxJD
    6 Jul 2013, 08:17 AM Reply Like
  • marketwatcher23
    , contributor
    Comments (2181) | Send Message
     
    Should be fun to watch the fed try to rationalize why they have to go from 85 bil a month to 150 bil as they have to now buy stock and flow.

     

    Liquidity trap
    6 Jul 2013, 09:57 AM Reply Like
  • AllStreets
    , contributor
    Comments (1464) | Send Message
     
    It's going to be painful watching what this will do to home sales and prices. Back to the lows of 2009 and then some? The Case-Shiller Indices are going to look like the junior gold mining stock index in due course.
    7 Jul 2013, 12:38 AM Reply Like
  • nafar
    , contributor
    Comments (331) | Send Message
     
    A sharp and steep jump in interest rate would result in provisioning for loss value of bills on banks' balance sheets. However, the effect may not be large as all banks were selling treasury bills to FED all these 3 years. The banks may gain, if there is buy back agreement of sold treasury bills with Fed if the rate continues to fall.
    7 Jul 2013, 12:48 PM Reply Like
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