10-yr Bond

10-Year Note Yield and U.S. Indices

The yield of the 10-year Treasury Note (^TNX) is an important indicator of the status of interest rates as it drives mortgage rates and interest rates of other types of loans. Rising interest rates can cause defaults on various types of loans during times of economic stress.

Through interest rate targets and quantitative easing (i.e. the Fed purchase of Treasurys), the Fed attempts to control interest rates. During the crisis the Fed's goal was to control rates enough to move mortgage rates down to 4% to spur on lending and housing purchases. The 4% mark was never hit and has been rising since its low. As of 6/19/09 the 30-year mortgage rate was 5.58%.

Also listed are major U.S. stock indices, which provide an additional indication of broad market conditions in the U.S. Additionally, powerful drops in U.S. stock markets can have direct negative impact on pension plans and life insurance funds.

BOC = Value at the beginning of the crisis in Fall 2009
LSC = The low value since the beginning of the crisis in Fall 2009 View more detail on the 10-year note yield history.

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Ben & the Fat Cat Banksters Painting

Bloopers

Daily Bloopers Will Now Become Less Frequent
After over ten months of economic government bloopers on each and every workday, it is obviously clear that there is no shortage of ridiculous errors and activity by our soap opera government. A mess... Read more...

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1/28/10 - Bernanke's back!
Bravo! Well done. We removed one extra step (i.e. hiring a new failure) in our long, fingernails-on-chalkboard path of economic defilement.Bernanke wins second term as Fed chairman - MSNBC/Associated... Read more...

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1/26/10 - Housing prop-ups need prop-ups
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