All the talk is about interest rates.
Political pressure on the Fed to lower interest rates is nearing a crescendo. It’s annoying. But in every day life, consumers are dealing with high interest rates for auto and home.
So it’s important to analyze interest rates and provide frequent updates.
Today we look at the most important interest rate for autos and home loans: The 10 Year US Treasury Bond Yield Index (INDEXCBOE: TNX).
Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.
I am an Investors Business Daily (IBD) partner and promote the use of their products. The entire platform offers a good mix of tools, education, and technical and fundamental data.
$TNX 10 Year Treasury Bond Yield Chart
Here we can see that the recent rise in interest rates may find resistance. Important resistance is at 4.50% and 4.65%. Consumers won’t have any major problems as long as those hold.
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.
