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Can Yellen Make Interest Rates Act Like Ben Did?

Published 11/14/2013, 01:09 PM
Updated 07/09/2023, 06:31 AM

Back in 2011, Interest rates on a 10- and 30-year basis had risen sharply, putting them up against falling resistance lines as momentum became overbought. Did Ben Bernanke come to the rescue and keep rates from breaking out? Whether he pulled the right strings or not, yields wound up falling hard, down to support as momentum became oversold.

Overbought Again
Now yields on both the 10- abd 30-year basis are back at the 2010 falling resistance and momentum is once again overbought.

The question is, can Janet do as Ben did back in 2010 and keep rates from rising any further?

With only 35% bond bulls, investors are betting she can't.

Her Big Test
A big test for yields and Yellen is at hand right now!

Latest comments

Shiller was right; 10 year is headed back to 1.5% area; and thank God for that. . Bond market vigilantes to get CRUSHED again by disciplinarian Yellen with a big stick in her hand.
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