Interest Rates On The Rise

From the First Trust Market Watch of Friday, June 21, 2013:

The yield on the 10-Year T-Note has risen from 2.13% as of last Friday’s close to 2.50% this morning. It is up 83 basis points since April 30. That is only 38 trading days. Since 1991, the average number of trading days it took for the yield on the 10-Year T-Note to rise 100 basis points (using 10 instances) was 80 trading days.  Goldman Sachs just released its yield targets for the 10-Year putting it at 2.50% at year-end, but then sees it climbing to 3.75% by the end of 2016, according to Barron’s.

As of today, the yield on the 10 year US Treasury note is 2.65%.

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