10 Year Bond Yields Jump

The 10 year T-bond yield is surging higher this morning by 7.0 basis points to 3.48 percent. This move higher in the yield means that bond prices are declining lower. Traders can see how the iShares Barclays 20+ Yr Treas.Bond ETF (NYSE:TLT) is selling off by 0.77 cents to $91.63 a share. The iShares Lehman 7-10 Yr Treas. Bond ETF (NYSE:IEF) is trading lower by 0.57 cents to $92.79 a share.

The 10 year T-note yield will have resistance around the 3.50 percent level. This is where traders can look for a small bounce in the bond prices. Please remember the 10 year bond yield is very important because this is the yield that effects mortgage rates which is such a major part of the economic recovery.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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