We start the new year with concerns over inflation and the severity of the Omicron variant. These concerns have pushed up yields as the market prepares for rate hikes starting as soon as March 2022.
The US 10 Year Treasury is relatively flat today as Investors assess the spread of the Omicron variant and what it means for the economy.
Investor confidence has eroded due to the stagnation of the Build Back Better $2T proposal and concerns over the Omicron variant.
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The Federal Reserve joins 20 other central banks this week in meeting to discuss tapering and rate increases.
US 10 Year Treasury rates opened at 1.38% as the uncertainty of the new Omicron COVID variant has moved investors out of equities and into the safety of treasuries.
Volatility is a top concern as US Treasury rates dropped .12% on Friday and increased by .8% today.
The US 10 Year Treasury opened at a 1.59% which is 4 basis points higher than Friday’s rate.
Congratulations to Hugh Jeffersfor receiving the Roger Wilcox President's Award from the National Association of Housing Cooperative!
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The US 10 year Treasury was volatile last week fluctuating between 1.56% and 1.70%.
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