Thursday, March 25, 2010
Interest rates tick up
Not really a break through but yields on ten year treasuries are up from 3.68% on Tuesday to 3.90% as I type. The breakout point is above 4.00%, the high we reached last June. We should get there pretty quick if this is really a new up trend.
I don't think I need to tell you what higher interest rates will do to the budget and the economy.