Chart of the Day
Long-term rates have been trending up since 2003. This has important implications for real estate, the stock market, and the US economy. For some perspective, today's chart illustrates the long-term trend for the 10-year T-bond yield. While the 10-year yield has been working its way up, the yield still remains within the confines (barely) of its long-term downtrend. Stay tuned...
-Will the 10-year downtrend hold and what do rising long-term rates mean for the stock market, real estate, and the US economy? Find out now with the exclusive charts of Chart of the Day Plus.
Source - Federal Reserve
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Quote of the Day
"We are not retreating - we are advancing in another direction." - General Douglas MacArthur
Events of the Day
August 17, 2006 - PGA Championship begins (ends August 20th)
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