10 Year Treasury Note 12/17/08 - December 17, 2008

The 10-year Treasury note yield has become the security most frequently quoted when discussing the performance of the U.S. government-bond market and is used to convey the market's take on longer-term macroeconomic expectations. Treasury notes are a stated interest rate, and the owner receives semi-annual interest payments.

Today, 12/17/08, the 10 Year Note fell to a new low hitting 2.074 but has rebounded up to 2.162 in the afternoon. This is an all time low, or the lowest since the Federal Reserve started keeping historic data. The fall in the 10 year note signifies that the Credit Crisis that started around sixteen months ago is far from over.

This is a situation worth watching!

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