10 Year Treasury Note Rate Forecast
WYNNE’S INTEREST RATE FORECAST The following interest rate forecast is for the 10 year US Treasury note. The forecast is based on proprietary indicators. The forecast is revised weekly. PerformanceLast week I wrote, “The market is in a unique place. For the upcoming week rates are likely to peak on or about 10/19 in the 2.23% to 2.3% range. Thereafter, they could either move lower in the range of 2.06% to 2.21%, bottoming out on or about 10/27, or, if rates do not move significantly lower by 10/20 or 10/21, rates will resume their upward move to the 2.25% to 2.41%, peaking on or about 10/28.” Since that forecast, the rate on the ten year Treasury note hit 2.24% on 10/17 and 10/24, closing the week at 2.2%. The low for the week was 2.10% on 10/18. The forecast continues to perform well. October 23, 2011· Monthly data indicate the interest rate on 10 year Treasury note is near its bottom. Weekly data shows the market is starting to move up while daily data suggests an inflection point where rates can move in either direction. · If you are a trader:o The ten year rate will brake on Monday 10/24. A move lower is more probable with the likely range 2.05% to 2.16%, bottoming on or about 11/4. A mover higher will trade in the 2.22% to 2.31% range, topping out on or about 10/28. WYNNE’s Interest Rate Forecast is provided as is without any and all warranties, whether express or implied, including without limitation any implied warranties of merchantability or fitness for a particular purpose.