May 23, 2013 (DJIA 15,294.72, S&P500 1,648.48)

US Treasury rates have been rising quite a bit lately.

The Five Year Treasury rate (^FVX) is at 1.074%, it was at 0.54% on July 24, 2012. 5 year Rates have increased 98% since July 2012.

The Ten Year Treasury rate (^TNX) is at 2.189%, it was at 1.394% on July 24, 2012. 10 year Rates have increased 57% since July 2012.

The Thirty Year Treasury rate (^TYX) is at 3.336%, it was at 2.452% on Jul…y 24, 2012. 30 year Rates have increased 36% since July 2012.

I think Greenspan once said that interest rates can not be predicted.

My hopes are that FED can continue to dictate interest rates, and when they feel it is proper to start to raise them. My fears are if the world ignores the FED’s mandate, and rates rise quickly.

When we design portfolios, the above has been a common thought process in our implementation and research of specific investments.

As always, we welcome the opportunity to discuss our outlook and investments with you.

Ron

Ronald R. Redfield cpa, pfs
Redfield, Blonsky & Co. LLC
15 North Union Avenue
Cranford, NJ 07016-1103

https://www.rbcpa.com

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Disclaimer

If you are a client of ours, and if you have questions regarding the company or investment mentioned in this report please call our office. If you are not a client of Redfield, Blonsky & Co. LLC Investment Management Division and are reading these notes, we urge you to do your own research. We will not be responsible for any person making an investment decision based on these notes. These notes are a “by-product” of our research. We are not responsible for the accuracy of these notes. We are not responsible for errors that may occur in these notes. Please do not rely on us to monitor or update this or any other report we may issue. In theory, we could come across some type of data or idea, which causes us to eliminate our long or short position of the company or investment mentioned in this report from our portfolios. We will not notify reader’s revisions to these notes. We are not responsible to keep readers of these notes updated for changes or material errors or for any reason whatsoever. We manage portfolios for clients, and those clients are our greatest concern as it relates to investing. Certain clients of Redfield, Blonsky & Co LLC may not have the company or investment mentioned in this report in their portfolios. There could be various reasons for this. Again, if you would like to discuss the company or investment mentioned in this report , please contact Ronald R. Redfield, CPA, PFS (partner in charge of investment management division).

Information herein is believed to be reliable, but its accuracy and completeness cannot be guaranteed. Opinions, estimates, and projections constitute our judgment and are subject to change without notice. This publication is provided to you for information

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