An 11 week long signal was just triggered in US10yrs, placing conservative yield targets at 2.65%-2.75% by the end of February. This outlook could get much worse if the 11 month trend goes active before the end of Dec.
Note
The fundamental narrative for this swing in rates:Bond bulls are worried that the tax plan’s expected economic boost, coupled with stronger global data and President Trump’s impending trillion dollar infrastructure plan, will provide further justification for continued interest rate normalization through next year.
Note
Great action here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.