Interest Rate Update – October
Reports of negative economic news pushed the benchmark 10-Year Treasury to re-test this year’s lows. The primary index for gauging US manufacturing plunged earlier this week. Additionally, the United States and China trade war seems to be taking its toll on economic growth. The US 10-Year Treasury closed today at 1.53%. Its range for the year has been 1.53% – 2.78% as identified by the chart below.