Risk Off Risk On
Risk Off Risk On: Most People expect US bond yields to rise and long term they will. But for now the rally in bonds that started with the risk off trade is not over. The recent drop in bonds was a pause in a larger rally. The bond yields may fall further not because of the FED but because stocks may decline.
First the bond yields chart here shows wave C up starting with support near the 40 day average. The argument against this for now maybe that wave B is not complete and will form a triangle for months. But otherwise C=A goes to 126. This can push US 10 year yields back to 2.26%.
First the bond yields chart here shows wave C up starting with support near the 40 day average. The argument against this for now maybe that wave B is not complete and will form a triangle for months. But otherwise C=A goes to 126. This can push US 10 year yields back to 2.26%.
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