The 10-Year Yield Hits 2%

Today the market seems to be dancing around important price points. The yield on the 10-year Treasury touched 2%. Of course, that’s very low but it’s the highest yield in nine months. This is another example of investors favoring riskier assets.

The S&P 500 is right at 1,500 on the nose. It’s moving just a few fractions above or below. According to Bloomberg, 150 companies in the S&P 500 have reported so far. Of those, 75% have beaten on earnings and 67% have beaten on sales.

The latest numbers I have show analysts’ forecast earnings of $112.21 for the S&P 500 for this year. While the Q4 numbers for 2012 are still coming in, the Street sees full-year earnings on track for $97.51. Interestingly, Wall Street expects earnings growth to accelerate all year. Last April, the Street thought 2013 earnings would be $119.

I see that Oracle ($ORCL) has been as high as $35.72 today. That’s the highest price since last May. Medtronic ($MDT) and WEX Inc. ($WXS) both hit new 52-week highs.

Posted by on January 28th, 2013 at 1:58 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.