Jul 8, 2009
What is the Current Interest Rate Forecast?
The current interest rate forecast definitely changed in the last 24 hours. Many people were predicting that the 10 year treasury rate was going to hold support at the 50 day moving average, but that is obviously not the case. After the auction today, the 10 year was down almost 5%. It seems likely that we are going to see it go down much more over the next few weeks.
Just recently several financial pundits stated that they were astounded that America could borrow money for such a low interest rate. I too wonder why other countries would continue to invest in America when we sink deeper and deeper in debt? Can anyone answer this question?