Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

U.S. Yields Near 18-Month High as Traders Await Fed (10Y-2Y T-Curve Highest In A Year)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

It was literally the most amazing week for US Treasuries. Except that 30 year mortgage rates will likely rise on Monday.

Liquidity moves markets!

Follow the money. Find the profits! 

(Bloomberg) Treasuries declined, with benchmark yields approaching 2015/2016 highs, as stronger-than-forecast U.S. consumer sentiment bolstered bets that the Federal Reserve will raise interest rates next week.

The U.S. 10-year yield rose five basis points to 2.46 percent at 1:12 p.m. in New York, nearing the 2.49 percent level reached last week, the highest since June 2015. The benchmark 30-year yield set a 17-month high at 3.17 percent. The Treasury will hold auctions of both maturities next week ahead of the Fed’s decision on Dec. 14.

newhigh

And the 10 year – 2 year US Treasury yield curve slope is the highest in one year.

21012096

On the other hand, the 30 year mortgage rate has been rising.

fredsurve

As Chris Traeger would say … half amazing, half terrific!

635788447657586236-2043906764_ctdog2

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.