As of today, the 10-year is yielding 2.06% on the release of a report showing consumer purchases adjusted for inflation rose in January reigniting the outlook that the Fed will take steps towards increasing rates sooner rather than later. It is reasonable to expect rates to rise in anticipation of an eventual rate event.
Source: S&P Dow Jones Indices LLC. Data as of February 27, 2015; Leveraged Loan data as of March 1, 2015.
This article was written by Kevin Horan, director, fixed income indices, S&P Dow Jones Indices.
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