Treasury yields likely to bounce further after hitting support

Given the degree of sideways trading in Equities over the last week, the real focus should be on what’s happening in Foreign Exchange (FX) as well as Treasuries.  US 10-Yr Yields look to have found good initial support near 2.70%, a meaningful support level coinciding with lows over the last few months.  Following a stronger than expected JOLTS & ISM reports, rates turned back higher Wednesday morning, and I expect this is a rebound that lik...

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