Rising Rates – 10 Year Approaching 4%

March 29, 2010 at 9:12 am  ·  Category: Interest Rates, Macro Economics, Market Commentary

One of the important stories last week was the notable rise in interest rates.  The cause was weak treasury auctions on Wednesday and Thursday when the Treasury sold $42 billion of 5 year notes and $32 billion of 7 year notes, respectively.  The Wall Street Journal wrote a front page article on this on Friday: “Debt Fears Send Rates Up”, The Wall Street Journal, March 26, A1.



Disclosure: Top Gun is short long term treasuries via the ProShares UltraShort Long Term Treasury ETF (TBT).

Posted by Greg Feirman  ·  Trackback URL  ·  Link