Your Daily Bit of Wall Street Wit & Wisdom

by Steven Sarnoff

On Thursday, stocks slid and investors fled to the perceived safety of US Treasury bonds. Bond prices rose sharply.  Because bond prices move inverse to interest rates, that pushed the 10-year yield down to a paltry 2.54% (see chart below) and inspired this morning’s quote from one of our founding fathers:

“An investment in knowledge pays the best interest.”

— Benjamin Franklin

Chart of US Treasury yields

Chart of falling 10-year US Treasury yields by Steven Sarnoff, h/t stockcharts.com

In the future, we may be astonished that rates were so low.

When you invest in yourself, take the time to learn something, and become the best you can be at it, you receive abundant dividends.

It’s worth it!

Best regards,

Steve

 

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