Every since the interest rate on the 10 year note peaked in 2018 at a little lover 3.2%, the yield has been on a steady decline falling over 100 basis point in the last eight months. That might not see like a lot, but that’s almost a 33% decline.
NOTE: One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument. The relationship between percentage changes and basis points can be summarized as follows: 1% change = 100 basis points, and 0.01% = 1 basis point.
Bond yields are poised to rebound as
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