In the last chart-mail from May 2 the interest rate yield had just
broken below its major support level and is now targeting its next
support level of 2.28%.
The drop in interest rates continue to
confound the analysts as rates are now at their lowest levels since last
July as most world developed stock markets are at or near all time
highs.There is rumor the Chinese are selling down the Chinese yuan then
placing the proceeds into U.S. bonds and notes.This may be upsetting the
bond and currency traders but home borrowers sure like it.