10 Year Treasury yield hits seven-year high

10 Year Treasury yield hits seven-year high

The move we’ve been watching for in the bond market happened this week as the 10 Year US Treasury yield made another jump, passing 3.1 percent(see chart) in the wake of stronger than expected retail sales. The 10 Year is now at its highest yield since 2011.

We’ve been discussing this trend for weeks now on this blog, watching as the 10 Year nudged higher and higher all spring. But this week’s action is significant because most investors believe the 10 Year will now increase to yields of 3.2 percent before hitting another speed bump.

Continue reading 10 Year Treasury yield hits seven-year high at Movement Mortgage Blog.

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