The 10 year T-bond yield is surging higher this morning by 7.0 basis points to 3.48 percent. This move higher in the yield means that bond prices are declining lower. Traders can see how the iShares Barclays 20+ Yr Treas.Bond ETF(NYSE:TLT) is selling off by 0.77 cents to $91.63 a share. The iShares Lehman 7-10 Yr Treas. Bond ETF(NYSE:IEF) is trading lower by 0.57 cents to $92.79 a share.
T-Bond Yields Fall on Weaker-than-Expected Consumer Confidence
Falling Treasury Yields indicate Higher Risk Assets should Weaken Further
Raise Rates or to Not Raise Rates: That Is the Question
The cover of Barron’s reads: It’s time to raise rates, Ben. Ben Bernanke, the Federal Reserve Chairman, is supposed to be an expert on the Great Depression. He wrote his thesis on the topic. Therefore, right now, if he is making any kind of connection to his research, he has already determined that raising rates is not even on the table.