The RateWatch
 Commentary by Bill Brizendine of Melody Capital MarketsThe yield on the 10-year Treasury inched up 3 bps for the second straight week and has added another 3.5 bps through mid-day trading today. With gas and oil prices falling while residential real estate continues to slow, you would think that investors would feel good about the prospects for continued forbearance with respect to rate increases on the part of the Fed. Now we are being told that a Federal funds rate cut had been priced into Treasuries and the likelihood of that happening at Wednesday’s meeting was fading. Talk about greedy . . . all we were hoping for was Fed inaction leading to some rate stability though the end of the year. The concept of an interest rate cut was something to consider next year after the economy had a chance to catch up with the Fed’s 17 straight increases. Download The RateWatch: A one-page analysis of institutional lending rates |