The Name is Bond - Long Bond
If anyone thinks that rates are not going up, just look at the bond market charts, the bond market is telegraphing higher interest rates.
Charts on the SHY (short term), IEF (10 year) and TLT (>10year) tell the tale, The TLT has dipped below its 50 and is resting on its 100 day moving averages. Todays close at 89.71 is only 2.71 above the 70 week moving average. The market is tanking and theres alot more downside to it.
This Fridays non farm payroll labor report should tell the tale. In a repeat of last years March report, ff the number is a surprise >200,000 expect some real carnage and long term rates to climb.
If you have a ARM loan, get it fixed now.
Charts on the SHY (short term), IEF (10 year) and TLT (>10year) tell the tale, The TLT has dipped below its 50 and is resting on its 100 day moving averages. Todays close at 89.71 is only 2.71 above the 70 week moving average. The market is tanking and theres alot more downside to it.
This Fridays non farm payroll labor report should tell the tale. In a repeat of last years March report, ff the number is a surprise >200,000 expect some real carnage and long term rates to climb.
If you have a ARM loan, get it fixed now.
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