One of the bellwether Indexes in the bond market is the 10-year Treasury note.
What is happening with the 10-year Treasury?
According to Investopedia, a 10-year Treasury note is a debt obligation issued by the United States Government with a maturity of 10 years when it was initially issued, and it pays interest every six months. In other words, if you purchase a 10-year Treasury, you simply will get a fixed interest rate and the interest payment every six months.
According to Barron’s newspaper, on December 17th of 2018, there were 10 Wall Street economists that forecasted the yield of the 10-year Treasury note yield at the end of this year December 31st. The 10 predictions ranged from the lowest of 2.75% to the highest of 3.6%.
What does this mean for the future?
A lot can change over the next 8 months but as of this filming, May 15th the current 10-year Treasury rate is at 2.45%.
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