(Before It's News)
This morning, the yield on the 10-year U.S. Treasury Note is breaking out to new highs. The yield on the 10-year note is trading higher by 7.1 basis points to 1.861%. Yes folks, this means that bond prices are falling sharply when yields rise. The chart pattern on the 10-year note yield is signaling a move to the 1.92 percent level, so there is more upside in the cards. It should be noted that the 10-year note yield affects mortgages and most other loans.