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Diego_GJ
Sep 10, 2023 10:39 AM

US10YR Seems to Head to 5.2% Long

United States 10 Year Government Bonds YieldTVC

Description

US short term funding requirements (33% of existing debt to mature next year) + a clean unbroken trend seems to head the 10 yr yield to 5.2%. This view doesn't constitute investment advice.

Comment

5.2% creates a 30 yr old resistance, so it will be interesting the speed, rate of change and "how it gets there" (the shape it creates), to see where it is headed after.

Comment

5.2% has been the level where things get interesting: being the double top in the GFC, a strong support from 1993 to 2000, where it became the top.

US rates will continue their long term way upwards until something fundamental, like a recession, ends this trend and forces policy in the opposite direction.
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