Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. IntroductionThe yield of the US 10-Year Treasury Note, the benchmark measure of long term US interest rates, finished last week at 1.73%. It represents an emerging long term trend change toward significantly higher long-term US interest rates in the weeks, months, and potentially years ahead. This simply means long term interest rates are trending higher. US 10-Year Treasury Yields Over The Past CenturyChart 2 below plots the monthly closing yield of the US 10-Year Treasury Note since 1900.

Source: Forbes March 21, 2021 20:26 UTC