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The strong bid in the bond market continues to play out
10-year Treasury yields started the year at 3.83% and as of today, we are down nearly 50 bps from that as the strong bid in the past three weeks continues to take shape. The drop in yields this week takes out a key trendline (white line) and is now contesting the 200-day moving average (blue line):
Those are significant technical developments as it could lend to a further bid in bonds, should we see said levels give... Read More
Posted: Jan 19 2023, 08:17
Author Name: forexlive
Views: 110868