A new long-term cycle for interest rates?
Dana Lyons joins pinch-hitting host Chris today for a discussion of long-term interest rates. From an historical and technical perspective, Dana suggests that the low for long-term bond yields from the mid-2016 time frame is likely THE cycle low for years–even decades–to come. Key going forward will be the 3.4 – 3.6% area on the bellwether 10-year Treasury. If we eventually get above that level it would arguably confirm a new long-term UP cycle for rates.
Above is a chart Dana updated at my request…it shows the two down-trending lines on the chart of the 10-year Treasury note he refers to.
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Source:: The Korelin Economics Report
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