was hitting an all time low of around 1.34. You would have to go to the same month (July) in 2012 to see 1.3ish levels.
Although most may not have realized, the rates on loans this time lat year (individual or commercial) and even prior for home mortgages for example (low 2.50 ave. on 15 year back in 2011/2012) were actually lower then than the 10 year yield at 1.30ish at any point in 2012 or 2016.
So the era of free money is over. Just as equities like to fizzle out between October through March in especially bear markets, the 10 year's bottom has been in July. Plus with ending of QE (place number here ___) and actual rate increases on the key prime rate, look for higher yields regardless an equity sell off or eventual rate decreases. This factors in a government shutdown, terrorists attacks, bad gdp numbers as all have been factored in past events during 2011 - July 2016. I do think last July was a key low on the 10 year. Time will tell. Take care
