10 Year Treasury Yield Drops by 17 Basis Points on Single Day
Yields for 10 year treasury notes dropped by 17 basis points today, ending the day at 3.28%. Today’s auction showed high demand for safety is back and alive.
Below the daily chart:
Click on image to enlarge.
So far this is exactly what I have been expecting as I explained in Inflation Fears vs. Reality. Hyperinflationists are unable to explain what is happening and can only watch this trend with confusion.
Related posts:
- Treasury Yields in Free Fall
- Bets on Inflation – Full Steam in the Wrong Direction
- Consumer Credit Volume Drops Again
- Consumer Credit Drops – January 2009
- Gold, Silver, Treasurys – A Snapshot
- Foreclosures Soar at Record Pace, Up 33% from 1 Year Ago
- Confusion Over Gold and Treasury Yields
- Inflation Fears Meet Reality
- Insiders Sell Shares at Record Pace
- Long Term Treasury Securities – Foreign Demand Rises
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