The most watched gauge of auto and home loan interest rates recently reached the middle of its annual trading range.
Over the past year, the range has been 3.9% to 4.6%.
It’s been fairly boring to watch and analyze but its important to be aware of… nothing too insightful here just highlighting the range because one of these days, interest rates will break out of this range and a much bigger move will take shape.
And it will likely have a major impact on the economy.
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$TNX 10-Year Treasury Bond Yield Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
