Turning point?
For the last few months the interest rate charts I posted were saying “something’s gotta give.” It now looks like that may be happening: long term rates look to me like they’re at least leveling off if not headed back up. Does that mean the market now sees higher inflation on the horizon? (I'm not in the interest-rate forecasting business, but I will be watching the inflation numbers more closely because of this.)
Here are two charts: first is the monthly interest rates going back ten years; the second one turns up the magnification and zeroes in on the recent weekly rates.
Monthly chart; click to enlarge.
Weekly chart; click to enlarge.
