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TFC Commodity Trading Forum

10 Year Int Rate Yield/At Resistance/Again *PIC*

The 10yr Interest Rate Yield is back to 3.55% resistance level once again. So while the financial media jumps up and down about it this chart suggests it is not the end of the world just yet. Far more price resistance is above at 4.00%. And even more at 4.30% which broke down from there in late 2007 and has already successfully tested this price as resistance in June/08 and failed to clear then. Price would need to clear 4.00% and then 4.30% to suggest a serious trend change to up in rates. In early 2000 rates were over 6.75% and in 1996 were over 7% and in late 1994 over 8% just to put things in perspective. Not yet time to pee our pants about rates.