After rising above three percent earlier this year, the 10 Year Treasury Note has remained below three percent. During the past couple of weeks, the note has made a new rise toward the 3 percent mark. The note, however, has been unable to climb above 3 percent. Currently the note is trading at a 2.97 percent yield.
Back in April, I reported on the 10 Year Note’s rise to 3 percent and questioned if it would be able to climb above 3 percent. In May, the yield on the note did rise above 3 percent for a brief time period. Now, yields are testing 3 percent once again.
As I have mentioned in my other articles, it will be interesting to see if the yield on the note will be able to break above 3 percent. We will have to see if there will be a catalyst that will allow the 10 Year Note’s yield to move above 3 percent this year.