This note is a guest contribution by Bespoke Investment Group.
Remember back in April when the yield on the ten-year was approaching 4% and everyone seemed to be worried that the era of low rates was over? That didn't last long. Less than three months later, the ten-year yield is not only lower, but it's also on pace to close today at a 52-week low of 3.14%. Since April's peak in interest rates, there have been no shortage of concerns popping up regarding Europe and the strength of the US economy.
However, it is somewhat ironic that the ten-year yield is on the verge of a 52-week low on the same day that the Business Roundtable's index of CEO Outlooks hit a four-year high. In its latest survey, the Business Roundtable found that, "our member CEOs plan to continue hiring and expect improved sales." Who will be right? CEOs or the bond market?
Copyright (c) Bespoke Investment Group
Source: Ten-year Treasury Yield Hits 52-week Low
