- The age of ever lower interest rates is more than likely over.
- Hat tip to the author (website on chart).
- Sooo...the retiree's were screwed with ultra low interest rates for the past few years. Many may have stretched their time frame out on the yield curve for the higher rates.
- Unfortunately they'll now learn the hard way, about the inverse relationship between bond funds and interest rates.
- As interest rates go up, the value of bond funds go down. OUCH!
Midweek tedium
-
US equity indexes closed on a positive note, SPX +23pts (0.4%) at 6061.
Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +0.2%. R2K +1.1%
SPX - dail...
30 minutes ago