Thursday, April 11, 2024

Treasury Yields up 2.7% per month since December

 


Ok, this is a little misleading.  The value of a Treasury goes down when yields go up, so to be clear this is not measuring the value of a Treasury (which is a bad investment at the moment).  Also, this is the relative change, not the absolute change.  If a yield is 4% and it goes up by 2.5%, it become 4.1%, not 6.5%.   I am just making the point that I see a trend that is in line with other commodity prices.

So on 12/13/23, the yield on a 10-year treasury was 3.96%.  I will convert it to a number, 396.  On 4/11/24, the yield is 4.54%, or 454.  So it has gone up 14.6% in 5 months, or about 2.77% per month.   Will this continue?  Probably not, but it is a trend I am seeing at the moment.

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