TVC:TNX   CBOE 10 YR TREASURY NOTE YIELD
81 0 6
The US 10Y yield has been in a downtrend for an extremely long time (further back that this data shows). We could be capped at between 2.5-3% from here on in and the yield suggests that future interest rates are going to remain low. Well, the expectations theory says that long-term rates embed a prediction of future short-term rates. So we could imply from this that we could see a rate rise in December. However, after, we could see risk off behaviour on bond buying which could send the yields heading back closer to 0.

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