What was the 10-yr US Treasury yield on Sept 30, 1981?
Hattori San, you are correct! It was 15.84% (you even got the 2nd decimal right!!)
What was the 10-yr US Treasury yield on Sep 22, 2011?
Sannan San - did I hear 1.73%? You are almost correct - it was 1.72%.
Today (March 19) issue of WSJ states the 30+ year bull market in US Treasuries may be over. The yield jumped last week for 10-yr Treasury from 2.037% to 2.301%, a fulll 0.6% higher than the Sept 2011 low. As the economy picks up, yields are expected to go higher.
UBS has raised its forecast for 2012 end from 2.4% to 2.7. This difference of 0.3% is suspiciously close to the 0.263%yield increase last week.
The US 10-yr Treasury yield had reached 2.4% few days ago - and has now backed off to 2.2%. Will be interesting to see the tug off war between economy betting healthier (thus raising rates) and the European crisis this causing investors to flee to "safety" of the US Treasury. I know, this is edge of the seat excitement.
I got some stern messages from the guppians based in Europe. They rightly pointed out the 10-yr sovereign bonds over there have a lower yield! Last week's WSJ (dont have the paper anymore) stated UK yield is 1.2%, Germany also aroundsame level (these figures are from memory). Also, the interest rate on a German 2-year bond is -0.05%. You have to pay the German Govt to hold their 2-yr bonds.
Apologies to the UK sovereign debt followers in this forum.
Psyah - did not understand above post. ( but any post isxwelcome - some contrarians have been giving me a hard time of late about having a conversation with self)
Psyah - did not understand above post. ( but any post isxwelcome - some contrarians have been giving me a hard time of late about having a conversation with self)
Sorry ... I thought of writing something for the sake of it ... making it sound related. :D
