Indeed, rates are going a lot higher. Here at the Tent we already know that since our approach is technically based. We don’t rely on opinion or fundamental analysis in coming to grips with reality. So we are more prepared than the masses and able to take steps ahead of the pack. Let me refer you all to the chart of 10 Year Treasury Yields posted here recently. It shows clearly that future 10 YR rates are fully 3 percentage point higher than where they stand currently. That is 300 basis points! So get ready for a whole lot of pain if you need to renew your mortgage into this storm as the cost of money rises.
Indeed, rates are going a lot higher. Here at the Tent we already know that since our approach is technically based. We don’t rely on opinion or fundamental analysis in coming to grips with reality. So we are more prepared than the masses and able to take steps ahead of the pack. Let me refer you all to the chart of 10 Year Treasury Yields posted here recently. It shows clearly that future 10 YR rates are fully 3 percentage point higher than where they stand currently. That is 300 basis points! So get ready for a whole lot of pain if you need to renew your mortgage into this storm as the cost of money rises.
https://goldtadise.com/?p=570579
Luongo is right so far, and he is saying FED is not done until 7%