The sloping resistance line is half a percent away. It was briefly pierced in February and March 2020 but didn't hold. Any modest U.S. dollar rally that includes the yen could break resistance again, it could come as soon as Monday if volatility from the end of last week carried over. While many charts have severely damaged the dollar bullish view and the deflation risk, this is one that is close to screaming "hold your horses" to the reflation trades.
Where Are 10-Year US Treasury Yields Headed?
-
Jim Bianco at Bianco Research thinks there is one more push higher in
long-term yields. Then if sentiment is extreme, he will go long.
No comments:
Post a Comment