Posted on 07/10/2013 11:16:27 AM PDT by whitedog57
Fed Chairman Ben S. Bernanke will have a Q&A following the release on the Feds FOMC minutes today at 2pm EST. Here are the minutes.
Quick summary of the last FOMC meeting: half the voting members want to stop asset purchases later this year. The other half, wait for improving economic conditions.
The reaction in the 10 year Treasury yield?
t10reaction
But prior to his Q&A session, the 10 year Treasury auction went off as expected.
trreas10yraux
The 10 Year High Yield continues to climb.
ust10ihg
The 30 year auction is tomorrow. Stay tuned!
Great time to sell a house over the next 6 months as rates explode and fence-sitters panic.
10T is up today, but still a little below the big jump that occurred on July 5th. In any event, rates are rising.
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