US10Y Fake Breakout Pt. 2 (March 3, 2017)

3 mar 2017Yellen continues to beat around the bush regarding a rate hike this month. Yields have been rallying leading up to Yellen's speech but the Fed continues to disappoint by not providing a concrete decision on whether they are raising or not. If we treat this as a fake break of the trend line but more so as a box and range then we could see 2.300 again before the actual rate decision on March 15th.