Stunning! 1.34% is the Next Stop
Back on Dec 1 when we initially discussed the possibility that the bond market was poised for a correction/crash, we didnt anticipate this as a stairs up move with the 10Y on the verge of breaking .90% and approaching the 1% mark. However, the rise since August has been persistent, and we're now approaching the 100MA (w) around 1.34%. When credit markets do break, the move to 1.5% is going to be a quick one. Equity markets aren't going to be happy...
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