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The interest rate on the 10-Year Treasury Note has moved up a little since the beginning of September. That’s been a reversal of course from this year’s trend. Prior to now, interest rates had headed straight down in 2014.
Rates have been particularly soft since June, which is actually consistent with seasonality. Over the last 10 years, interest rates have tended to decline during the summer. As we head closer to October though seasonality typically starts to level out. Count that as one data point to suggest that interest rates could keep rising.
Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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