{"id":495488,"date":"2010-03-31T19:36:55","date_gmt":"2010-03-31T23:36:55","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/31\/interest-rate-special-t10-year-yields-bear-market-swap-spreads-supply-fears-bill-gross-what-if-rates-dont-rise\/"},"modified":"2010-03-31T19:36:55","modified_gmt":"2010-03-31T23:36:55","slug":"interest-rate-special-t10-year-yields-bear-market-swap-spreads-supply-fears-bill-gross-what-if-rates-don%e2%80%99t-rise","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/495488","title":{"rendered":"Interest Rate Special: T10 Year Yields, Bear Market?, Swap Spreads, Supply Fears, Bill Gross, What if Rates Don\u2019t Rise"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"bill-coppedge-dec09-1\" border=\"0\" alt=\"bill-coppedge-dec09-1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/billcoppedgedec09141.jpg\" width=\"76\" height=\"113\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"original content selection by MortgageNewsClips.com\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/originalcontentselectionbyMortgageNewsClips.com41.jpg\" width=\"278\" height=\"59\" \/><\/a> <\/p>\n<p>&#160;<\/p>\n<p>&#160;<a href=\"http:\/\/www.bespokeinvest.com\/thinkbig\/2010\/3\/25\/10-year-treasury-yields-break-out.html\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"big1\" border=\"0\" alt=\"big1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/big1.png\" width=\"341\" height=\"220\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/bespoke.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"bespoke\" border=\"0\" alt=\"bespoke\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/bespoke_thumb.png\" width=\"346\" height=\"70\" \/><\/a> <\/p>\n<p><strong>10-Year Treasury Yields Break Out<\/strong> &#8211; <a href=\"http:\/\/www.bespokeinvest.com\/thinkbig\/2010\/3\/25\/10-year-treasury-yields-break-out.html\">Bespoke Investment Group<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/chart-of-the-day-10-year-treasury-constant-maturity-rate-weekly-2010-3\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"cl1\" border=\"0\" alt=\"cl1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/cl12.gif\" width=\"337\" height=\"254\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/businessinsiderclusterstock9.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"business-insider-clusterstock\" border=\"0\" alt=\"business-insider-clusterstock\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/businessinsiderclusterstock_thumb9.gif\" width=\"126\" height=\"59\" \/><\/a> <\/p>\n<p><strong>CHART OF THE DAY: Is There Anyone Around Who Remembers A Bear Market In Bonds?<\/strong> &#8211; Joe Weisenthal and Kamelia Angelova&#160; &#8211; <a href=\"http:\/\/www.businessinsider.com\/chart-of-the-day-10-year-treasury-constant-maturity-rate-weekly-2010-3\">Clusterstock at Business Insider<\/a>&#160; <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/scottgrannis.blogspot.com\/2010\/03\/swap-spreads-collapse.html\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"sg1\" border=\"0\" alt=\"sg1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/sg11.png\" width=\"343\" height=\"231\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/calafiabeachpundit11.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"calafia-beach-pundit1\" border=\"0\" alt=\"calafia-beach-pundit1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/calafiabeachpundit1_thumb.png\" width=\"205\" height=\"45\" \/><\/a> <\/p>\n<p><strong>Swap spreads collapse<\/strong> &#8211; Scott Grannis &#8211; <strong>I never thought I would see what this chart is showing. 10-year swap spreads have suddenly, for the first time ever, dropped below zero. <\/strong>They are now -7.25 basis points. Since swap spreads are traditionally a proxy for AA bank credit risk, <strong>this means that the market prefers to own 10-yr AA bank debt rather than 10-yr Treasuries<\/strong> &#8230; &#8216;ve several explanations for the recent plunge in swap spreads, but not one that is compelling. &#8230; &#8211; <a href=\"http:\/\/scottgrannis.blogspot.com\/2010\/03\/swap-spreads-collapse.html\">Calafia Beach Pundit<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/ft1.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"ft\" border=\"0\" alt=\"ft\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/ft_thumb1.gif\" width=\"132\" height=\"69\" \/><\/a> <\/p>\n<p><strong>Supply fears start to hit Treasuries<\/strong> &#8211; By Michael Mackenzie and David Oakley &#8211; The bond vigilantes are finally flexing their muscles. <strong>A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June<\/strong>. &#8211; <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/c51fbbce-3908-11df-8970-00144feabdc0.html\">FT.com<\/a>&#160; <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/seekingalpha11.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"seeking-alpha\" border=\"0\" alt=\"seeking-alpha\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/seekingalpha_thumb11.png\" width=\"195\" height=\"51\" \/><\/a> <\/p>\n<p><strong>Booming Treasury Yields Could Be Big<\/strong> &#8211; Tom Henderson, Strategist JBH Capital &#8211; &#8230; <strong>The 10 Year Yield has been moving closer to the 4% level. If this level were breached materially, it could have a run to 5%<\/strong>. 4.30% seems to be the area of resistance from which this yield has been repelled. The action Wednesday, with yields on this benchmark jumping by 0.13% to 3.82%, is a large move. &#8230; &#8211; <a href=\"http:\/\/seekingalpha.com\/article\/195470-booming-treasury-yields-could-be-big\">Seeking Alpha<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/pimco1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"pimco\" border=\"0\" alt=\"pimco\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/pimco_thumb1.jpg\" width=\"154\" height=\"46\" \/><\/a>&#160;&#160; +&#160; <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/creditwritedowns1.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"credit-writedowns\" border=\"0\" alt=\"credit-writedowns\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/creditwritedowns_thumb1.png\" width=\"169\" height=\"47\" \/><\/a> <\/p>\n<p><strong>PIMCO&#8217;s April 2010 Investment Outlook, &quot;Rocking-Horse Winner&quot; by Bill Gross<\/strong>, is now available at <a href=\"http:\/\/www.pimco.com\/LeftNav\/Featured+Market+Commentary\/IO\/2010\/Rocking-Horse+Winner+April+2010+IO.htm\">PIMCO<\/a> <\/p>\n<p>and    <br \/><strong>Gross: American-style capitalism has reached a dead end but buy T-bills anyway<\/strong> &#8211; Posted by Edward Harrison &#8211; <a href=\"http:\/\/www.creditwritedowns.com\/2010\/03\/gross-american-style-capitalism-of-wealth-as-printing-lending-and-borrowing-has-reached-a-dead-end-buy-t-bills.html\">Credit Writedowns<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2010\/03\/24\/news\/economy\/low.rates.fortune\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"cnnrate\" border=\"0\" alt=\"cnnrate\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/cnnrate.jpg\" width=\"344\" height=\"166\" \/><\/a> <\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/CNNMoney11.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"CNNMoney1\" border=\"0\" alt=\"CNNMoney1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/CNNMoney1_thumb1.gif\" width=\"187\" height=\"36\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/fortune_logo.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"fortune_logo\" border=\"0\" alt=\"fortune_logo\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/fortune_logo_thumb.gif\" width=\"118\" height=\"35\" \/><\/a> <\/p>\n<p><strong>What if interest rates don&#8217;t rise?<\/strong> &#8211; (Fortune) &#8212; Here&#8217;s a shocker: <strong>It could be years before U.S. finances are jolted by an interest rate shock.&#160; &#8230; Even if it doesn&#8217;t come to that, Japan&#8217;s lost decades show that low-rate policies are far from foolproof. <\/strong>Japanese 10-year notes recently yielded 1.35% and haven&#8217;t been above 2.15% in more than a decade, Simons noted.&#160; &quot;Did anyone think Japan would still be stuck here in 2010?&quot; he asked. &#8230; <a href=\"http:\/\/money.cnn.com\/2010\/03\/24\/news\/economy\/low.rates.fortune\/\">CNN Money Fortune<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=PbOzuPSrd1I:Kb7LukKI4dc:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=PbOzuPSrd1I:Kb7LukKI4dc:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=PbOzuPSrd1I:Kb7LukKI4dc:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=PbOzuPSrd1I:Kb7LukKI4dc:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=PbOzuPSrd1I:Kb7LukKI4dc:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=PbOzuPSrd1I:Kb7LukKI4dc:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=PbOzuPSrd1I:Kb7LukKI4dc:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/PbOzuPSrd1I\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#160; &#160; 10-Year Treasury Yields Break Out &#8211; Bespoke Investment Group &#8212;&#8212;&#8212;&#8212; CHART OF THE DAY: Is There Anyone Around Who Remembers A Bear Market In Bonds? &#8211; Joe Weisenthal and Kamelia Angelova&#160; &#8211; Clusterstock at Business Insider&#160; &#8212;&#8212;&#8212;&#8212; Swap spreads collapse &#8211; Scott Grannis &#8211; I never thought I would see what this chart [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-495488","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/495488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=495488"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/495488\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=495488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=495488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=495488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}