Bonds are having their worst day since January today as the yield on the Ten-Year Treasury is back above 3.5%. Below we have updated our trading range charts of international long-term interest rates. As shown, with the exception of Australia, rates remain in downtrends near their lowest levels in a year. So while today and the next few days may be tough for bond investors, the longer-term trend in interest rates remains down.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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