This morning, the yield on the 10-year U.S. Treasury
Note is breaking out to new highs. The yield on the 10-year note is
trading higher by 7.1 basis points to 1.861%. Yes folks, this means
that bond prices are falling sharply when yields rise. The chart
pattern on the 10-year note yield is signaling a move to the 1.92
percent level, so there is more upside in the cards. It should be
noted that the 10-year note yield affects mortgages and most other
loans.
Nick Santiago
InTheMoneyStocks