Saturday, October 13, 2012

Yield Sign

Well I was there and I saw what you did
I saw it with my own two eyes
--Phil Collins

Another series toeing its trend line is the 10 yr yield.


Stochastics are not oversold, suggesting some pent up energy should yields break lower.

no positions

2 comments:

dgeorge12358 said...

Many consider an interest rate as the price of money. This is true in a shorthand kind of way. The price of money is what one must give up in exchange. In US dollars, if one ounce of gold trades at $1,775, the price of a dollar is 1/1,775 oz. Au.

The price of money is the inverse of the price level—when prices are high, money is not worth as much.

Many like to use the price of gold as a gauge for the price of money as elemental gold has been unaltered since the beginning of time.

dgeorge12358 said...

One hundred years ago, the price of one US dollar was 1/20.67 oz Au.

Today, the price of one US dollar is 1/1,754.3 oz. Au.