The 10 year Treasury is a benchmark bond, serving as a reference point for other instruments such as mortgage bonds. The 10 year yield reached 5% in October this year, a rate last seen in 2007. Since October, the yield has come down sharply to about 4.2%.
A higher yield might make fixed income investors happier. A lower yield might make equities more attractive.
In 2024, will the 10 year Treasury yield again reach 5% in 2024?
- Yes - In 2024, the 10 year Treasury yield WILL again reach 5% or higher.
- No - In 2024, the 10 year Treasury yield WILL NOT again reach 5%.