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10 Year Yield Having A 2nd Taper Moment
wallstreetexaminer.com / by Logan Mohtashami /
One of my 2015 Housing Predictions was this:
For mortgage rates – I predict the 10 year note yield will be in a range of 1.60% – 3.04%, which means mortgage rates will be in the 3.50%-4.5% range. Even with stronger economic data from the U.S., other areas around the world such as Japan, Europe, Russia and even China are now experiencing economic slowdowns. My yield range prediction is based on recent history: In May of 2013, the 10 year note yield was 1.6% before it climbed to 3.04% over the next 18 months. If we see an upside break in the yield to over 3.04% this would be a bullish indicator for the economy, but it would also lead to increased mortgage rates. The bottom line is that I see no significant increase in mortgage rates from the 2014 peak which was roughly 4.5%. The short end of rates rising makes it very interesting for 2015 as the Fed dots are set to raise short terms rates in 2015.
The post 10 Year Yield Having A 2nd Taper Moment appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/10/10-year-yield-having-a-2nd-taper-moment/
