Rate Outlook for The 10 Year

With the passing of 4.10% on the 10 year the new target becomes 3.72% and then all the way down to 3.08%. 3.72% is the most logical target, but with the cramping in the credit markets under 3 1/8% is certainly not out of the question.

The pattern today is calling for lower rates in short order.

I have also attached the monthly chart I posted back in June, not to pat myself on the back but to give some perspective as to what to expect over the intermediate term.

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THIS IS THE CHART THAT I POSTED IN JUNE OF THIS YEAR