Today ended up one tick. Typically any day we post gains is a day I can end happy. But I must confess today's close has me a little unnerved. The treasury yield has creeped above 3.000% which will pose as serious competition to our market come opening.
Considering the day we did out perform treasuries... but tomorrow is a different day, and we may end up on the short end of the stick. Tomorrow will take its cue from the ten year yield. Should it slide back under 3.000% we will be in a much safer position.
Right now our market is vulnerable to a possible sell off. Then again we could post gains tomorrow, should we see the yield shrink back below 3.000 as mentioned above. In the long run, I do think rates will continue to improve albeit at a slower pace than we have seen. In the short term it is a little harder to predict.
Considering the day we did out perform treasuries... but tomorrow is a different day, and we may end up on the short end of the stick. Tomorrow will take its cue from the ten year yield. Should it slide back under 3.000% we will be in a much safer position.
Right now our market is vulnerable to a possible sell off. Then again we could post gains tomorrow, should we see the yield shrink back below 3.000 as mentioned above. In the long run, I do think rates will continue to improve albeit at a slower pace than we have seen. In the short term it is a little harder to predict.
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