The 10 year yield has broken out. This is clearly seen on the chart below. It should be no surprise that interest rates are going higher after the ADP Private Sector Jobs Report on Wednesday saw a jump of 298,000 jobs. In addition, the Federal Reserve has made it clear they are raising interest rates next week and probably a total of 3 or 4 times in 2017. Investors should be buying the ETF TBT to profit from this coming explosion in interest rates. With the 10 year trading at 2.585%, investors should be firmly looking for a first target of 3%, then 3.5%. TBT will see big gains on this move.
10 year treasury yield bullish breakout for investors