patrick.net

The 10 Year U.S. Treasury yield decided to take one more crack at a new low earlier this month when it declined to 1.651%. But over the last 10 days, yields have risen as high as 2.15% with further advances in store.

Advancing yields will prove problematic to the stock market as well as bonds and real estate. The Fed has promised to exercise “patience” before raising rates. But the Fed does not control any rate except its own discount rate. Nothing will be able to stop the advance of treasury yields once the market makes up its mind that bond prices are too high.

http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldelliott-wave-update-for-week-ending-2122015/

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