Big long signal in US10yr. yields
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.
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Great action here
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.