Monthly view long term bias
Updated
To retrace up near 170 given the recent retracement ended but in case a new high is make a range might be expected given the short side is presence.
Comment
continue upwards minor retracement.Comment
going downComment
gradually working to 4%Comment
10Y has a target at 5pct.Comment
At this juncture, the yield of 10y will continue to rise but it may target lower prior, yet for now, it has not happen yet. The 2y yield is due to fall though no signs of to test the 2pct yet.1y will continue to rise.
Some may have talked or started the recession subject on youtube and perhaps somehow i feel some might want to be a frontier on youtube quoting recession since the news on inverted yield curve - don't bother watching those videos.
In my opinion if the short term interest rate does help economic or business activity to kick start, a lower short term rate would drive the speed of economic activity....probably why i don't think is sort of a recession just because inverted yield might be sounding an alert.... as conditions changes and event changes. At least, on its recovery on stages from covid event could led to a stronger jump in its economic activity ...i don't know...at least 10y in its price remain its move up and prior recent fall in 10yr doesn't came from 2.7pct touchdown.
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