Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Rates continue push higher, 10-year eyes 3%

Published 02/15/2018, 07:31 AM
© Reuters.  Rates continue push higher, 10-year eyes 3%
TBT
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TLT
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MORL
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REM
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MORT
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TYO
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TYD
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GSY
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DTYS
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TBX
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UST
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PST
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SCHR
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SPTI
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VGIT
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TYNS
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DTYL
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DFVS
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DFVL
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IEF
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IEI
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HYDD
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  • The last time the 10-year Treasury yield hit 3% was Dec. 31, 2013. Interesting enough, but as David Schawel notes, the yield curve then was far different. The two-year note that day in 2013 was 0.38%. This morning, it's 2.19%.
  • It's no wonder leveraged carry players like the mortgage REITs (REM, MORT, MORL) are getting so beaten up this year.
  • The sharply flatter yield curve could be reason to pay a bit more attention to bearish economic prognosticators today than we did four years ago.
  • The 10-year yield today is up another three basis pints to 2.935%. TLT -0.15%, TBT +0.3% premarket
  • ETFs: IEF, PST, IEI, VGIT, UST, DTYS, TYO, GSY, SCHR, TBX, TYD, ITE, DTYL, HYDD, DFVL, TYNS, DFVS
  • Now read: Beating The 60/40 Portfolio With Less Volatility Using Leverage


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