updated: Mar 4, 2020
We called the top on the 10Y on October 10, 2018 [see: Plan B] with rates at 3.24% and ZN at 117’230. Since then, prices have rallied about 15%.
…and adjusted to 132’100-135’155 in January 2020 [see: Bonds: More Turmoil Ahead.]
Yesterday, it reached and pushed past our 135’155 target – the highs last seen in July 2012.With both the 10Y and 30Y tumbling to all-time lows, what might lie ahead for bonds? Is there still more upside in store? And, what does it mean for stocks?
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