10-year Treasury yield headed to 3%


The rise in jobless claims to back near 400K amid spurious seasonal adjustments is of no help to Treasury prices, which continue to slide post-taper. The 10-year yield is now higher this session by 5 basis points to 2.95%.

At the same time the FOMC tapered, it took pains to assure markets any hikes in interest rates might be pushed even further out, but Fed Funds futures are also under pressure, with the December 2015 contract lower by 10 basis points and pricing in a Fed Funds rate then more than 50 bps higher than today.

Longer duration Treasury ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TTT, TMF, TLH, ZROZ, SBND, IEI, DLBS, TYO, DTYS, VGLT, UST, UBT, TBX, TLO, VGIT, GSY, DTYL, LBND, SCHR, TYD, ITE, TYBS, TENZ, FIVZ, TBZ, DFVL, DLBL, DFVS, TYNS

Short-duration Treasury ETFs: SHY, BIL, SHV, VGSH, SCHO, DTUL, SST, TUZ, DTUS

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Comments (3)
  • bbro
    , contributor
    Comments (11197) | Send Message
     
    3 month Libor for December 2016 now moving up to 2.22%...
    19 Dec 2013, 09:18 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11094) | Send Message
     
    Rising rates AND promises of more tapering?

     

    This should get interesting.

     

    I hope all those who refi'd have closed!
    19 Dec 2013, 09:25 AM Reply Like
  • al roman
    , contributor
    Comments (16605) | Send Message
     
    The Dragon Stirs.
    19 Dec 2013, 09:28 AM Reply Like
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