October 11, 2021

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Interest Rates Rise

Please click here for a chart of  7 – 10 year Treasury bond ETF (IEF).

Note the following:

• The yield on 10-year Treasuries reached 1.613% on Friday.
• Bonds move inverse to interest rates.
• The chart is of ETF IEF as many investors find it easier to watch this ETF.
• The chart shows that the ETF IEF is at the top band of the support zone.
• Interest rates have been rising because the bond market knows that the Fed has been wrong on inflation.