Broker Check

It’s all about the increase in interest rates...

October 02, 2023

-which is all about perceived potential future increases in inflation.

Since the end of June, the yield on the 10-year Treasury is up (in percentage terms) 19.3% over where it was on June 30.  It’s gone from 3.84% to 4.58%!  (I know, a percentage increase in a percentage yield gets kind of confusing).  Since the beginning of September, a significant part of that increase has occurred.  The investing intelligentsia conventional wisdom is, when the 10-Yr Treasury is above 4%, -it’s tough sledding for our markets. We’re feeling the tug of interest rates.