US30Y Looking like it wants higher
With the market looking ready to accept risk again, and with the economic outlook improving, I think we have a nice set of circumstances for bond prices to come back to reality and come down a bit from their stratospheric levels. That said, this is the yield chart, so that move would be represented by US30Y going up because prices move inversely to yields.
Not going to trade it, but something I keep an eye on and I am thinking we'll see bond prices fall in the coming days into next week, barring any unforeseen news headline or development sparks a reversal in mindset.
Not going to trade it, but something I keep an eye on and I am thinking we'll see bond prices fall in the coming days into next week, barring any unforeseen news headline or development sparks a reversal in mindset.
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