The 10-Year Breaks 3%

For the first time since 2014, the 10-year broke above 3%. For some context, on July 5, 2016, the 10-year yielded 1.37%. Some folks in Europe might find this news amusing. In Germany, their 10-year is going for 0.647%.

The big phrase today is “first time since 2014,” which I just used as well. But there’s a little more to it. Back then, the 10-year barely made it to 3%. The 10-year closed on or above 3% six times in very late 2013 or very early 2014. The highest yield was 3.04%. Before that, we have to go back to July 2011.

So if we get a little more, then we can say that the yield reached a six-plus year high.

Posted by on April 24th, 2018 at 11:00 am


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