“Every Time The Market Has Moved Up To This Trendline” There’s Trouble

“Every Time The Market Has Moved Up To This Trendline” There’s Trouble

Via Nedbank, h/t Mehul Daya The Fed and other non-US Officials (Central banks and Private) hold more than 50% of the US treasury market. As the FX reserves start to decline and the Fed starts to reverse the QE process, it will probably put upward pressure on the US bond market. Our fair value model indicates these pressures will push the US10yr up to 3.00%. The latter level is also the major support line coming all the way from the late 1980s. However, unfortunately, every time the market
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