Life is full of surprises as we never know what could happen next, and it is the true phenomenon of our existence. Last time I shared my thoughts about the U.S. 10-year yield (10Y) in September of 2018 calling for a rise to 3.33% and more. JPMorgan Chase CEO Jamie Dimon warned that time to be prepared for a 5% 10-year yield. Let’s take a look a what you thought then.
Most of you agreed with JPM’s CEO and hit the 5% option. The atmosphere then was so elevated that it was easy to believe that the rates would keep rising. Indeed, the market went higher but stopped at the 3.26% mark, and that was it. The least favored target of 3.33% appeared to be the closest call.
The precious metals’ posts schedule was busy here on the blog at the end of last year, so I posted my call at tradingview.com for 10-year yield to drop to tag the previous low of 1.34% on November 14th of 2019. Below is the chart of that post. Continue reading "U.S. 10-Year Yield: It's Not "If" But "When""