10 Year Bond Chart


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.