US 10-year yields continue to crater...
As time passes this looks more and more like a 5 wave decline since the October 2018 highs. We are cooking for one final sweep of the lows as liquidity begins to fade for summer. The final hurdle to clear before business will close is Fed, here tracking for a 50bp cut to kickstart the easing cycle.
On the technical side; the market will have to break above 2.196% in order for us to build an argument for the market having put in a meaningful floor. Invalidation and reassessment is needed above and only above.
Expect consolidation as we position for Fed, before the flow continues towards the downside in yields.
Best of luck all those positioning in Fixed Income for a crucial Fed.
On the technical side; the market will have to break above 2.196% in order for us to build an argument for the market having put in a meaningful floor. Invalidation and reassessment is needed above and only above.
Expect consolidation as we position for Fed, before the flow continues towards the downside in yields.
Best of luck all those positioning in Fixed Income for a crucial Fed.
Trading ditutup: target tercapai
