The RateWatch
 Commentary by Bill Brizendine of Melody Capital MarketsThe yield on the 10-year Treasury inched up last week to close Friday at 4.76%, and has continued the upward trend through early afternoon trading today. A recent surge in corporate bond offerings coupled with tomorrow’s auction of $8 billion in 10-year securities is said to be depressing prices. The Fed meets again next week (September 20). While some in the market seem to be feeling uneasy about the Fed’s intentions, a poll conducted last Friday among 81 economists indicated a belief that the Treasury market will resume its rally (yields going down) once the corporate and Treasury bond auctions are behind us. With luck, maybe we can get through the remainder of the year without another rate hike to roil the debt markets. Download The RateWatch: A one-page analysis of institutional lending rates |