Everyone is speculating on whether the Fed will lower interest rates at their July 30-31 meeting. Kimble thinks they could, and even do so today, especially if they were to analyze his chart that is presented below:
Ten-year Treasuries have declined 31% over the past 7 months, with their yields approaching 2017 lows. Historically, this magnitude of decline denoted that rates were actually closer to short-term lows than to highs. If yields are at short-term lows, then bond prices are at short-term highs.
You can read the entire article by clicking HERE
