UK 10yr Yields: major trend reversal
After a period of consolidation and uncertainty the market has finally chosen direction. The multi tested trend line of 2013/2014 has been taken out triggering a trend reversal higher. Yields should rally towards the first projection at 2.05% without too much trouble. On a 6-9 month horizon the main target comes in at ‘a whopping’ 2.69%.
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"Stoploss" on yields raised to 1.115%. Bullish outlook remains in play.