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Thursday, December 21, 2017

US 10 Year Yields Treasury Climbed To 9 Month High

US 10 Years hits 9 months high and the chart looks  like climbing higher staying firmly above the 100 days MA. The yield is at 2.49% , if it hits the year high at 2.62, the Reits, Telcos  and yield stocks will start to hurt , rising rates while boosting the banks will cause Technology shares to come under profit taking. The rise in yield is caused by the passage of the US reform tax bill in anticipation for faster economic growth and added supply of bonds to finance the impending budget deficit. If energy prices which is inflationary  continues to rise bond yields will continue to accelerate upwards. 
All posts and charts are for educational and illustration purposes only

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