Source: Direxion Funds
August 15, 2017
By The Numbers...
- The findings of the Federal Reserve’s “stress test” completed on 34 large US banks were released on 6/22/17. The tests, created in 2009, showed the banks all passed for the third consecutive year. The banks were put through financial simulations to determine if they could survive a two-year economic slump that included a 10% national unemployment rate, 50% decline in stock values, 25% drop in home prices and 35% decline in commercial real estate prices.
- The yield on the 10-year Treasury note closed at 1.36% on 7/8/16, its lowest closing yield ever. 10-year notes have traded in the US since 1790. The current rate on the 10-year Treasury note is approximately 2.20%.