Core yields approach a short-term top

A short-term decline in US10yrs could push yields to 3.1% within the next two weeks, followed by what I expect to be at least two months of corrective price action. Several high-tension events that could spark the traditional 'safe-haven' demand and kick off the interim decline culminate on Monday, March 5th. With the longer-term trend active, I'm bullish on US10yr yields above 2.34% and think 3.5% could be seen by December.

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Commento:

Late on the update. 10 week uptrend now active targeting 3.14% by mid-June

Commento:

Too much salivation for the breach of 3%.. time to drift sideways/lower over this week/into next