John Roque notes most investors he’s spoken with “continue to have difficulty considering the major transition that’s occurred for the 10 year Treasury yield – it was going down and is now, incontrovertibly, going up.”
10 Year Yield, 30 year chart
Source: Natexis Bleichroeder
Even the more modest downtrend (the lighter less severe line) has been penetrated to the upside with the 10 Year hitting 5.143% on Monday.
Quote of the Day
“Great spirits have always encountered violent opposition from mediocre minds.”
–Albert Einstein (1879-1955)