Well, that bounce in Treasuries ended fast. The 10 yr yield is now at 1.18% and the 30 yr is at 1.98%. To highlight the impact of long duration and changes in interest rates, TLT, the 20+ Treasury bond ETF, is down 6.0% in the first 5 weeks of the year as of where its trading right now pre market. With interest coupons so low, that is 4 years of interest income gone in no time.
Footer
About Peter
Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.