- After aggressive peak out trade of 2Q, UST can hike from this level or the curve can be steeper
- rationales
1. peak of peak out trade
2. pent up demand have not come yet
3. more room to job recovery of US
4. Time interval between Tapering and Rates hike
- Also technically, 4h candle made RSI divergence which means the trend ready to turn.
- now the price...