My take? UST2Y has limited upside potential pending major resistance. Major breakout above 5% yield would be especially impressive given forthcoming seasonal tailwind, inverted yield curve, aging equity advance, and potential for election-year machinations. H/t @MacroCharts
My take? UST2Y has limited upside potential pending major resistance. Major breakout above 5% yield would be especially impressive given forthcoming seasonal tailwind, inverted yield curve, aging equity advance, and potential for election-year machinations. H/t @MacroCharts https://t.co/L0kDaJsrLl
@mark_ungewitter @MacroCharts Zooming in, potential breakout from cup and handle...