Mike Larson: Three decades is a long time. And for the past three decades, America has known nothing but steadily falling interest rates.
Oh, sure, there have been spikes during that time. It hasn’t been a one-way trip. Federal Reserve rate-hiking cycles and the occasional bond market rout have interrupted that process. But, by and large, it’s been a consistent, steady march lower from around 20 percent for short-term rates and 15 percent yields on the 30-year Treasury bond.
That decline is now over. Kaput.
That’s what I believe.
That’s what many experts believe.
Heck, that’s what at least one Fed policymaker has gone on record saying he believes.
And that’s what the market is telling us day in and day out — all we have to do is listen to it!
Just look at the shocking move we’ve seen in the 5-year Treasury Note:
You can see how just yesterday, the yield on the 5-year note exploded to 1.85 percent. That’s the highest going all the way back to June 2011 — 27 months ago! You can also see that we’ve taken out a downtrend that dates all the way back to 2007, and that long-term moving averages are turning up.(...)Click here to continue reading the original ETFDailyNews.com article: Is The 30-Year Bond Bull Market Over?You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
- The 30-year Bond Bull Market Is Over
- The Great Bond Bull Market May Be Over, But The Bond Bulls Don’t Know It Yet
- The 32-Year Bull Market In Bonds Is Officially Dead
- 15% Rise In 30-Year U.S. Bond Yields In One Month; A Reason To Sell?
- Further Upside Is Expected For The Direxion Daily 20+ Year Treasury Bull 3x Shares (TMF)
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