Near Term Trend: Positive
Friday’s Close: 131’140 (+ 12) Yield: 1.63%
UPDATE: Two weeks ago yields dropped 18 basis points. This past week they dropped 8 more basis points as Equities cane under some pressure.
I would love to fade this move and look for a spot to sell the 10-Year Note.
Some of that scenario depends on how Equities react within the next few weeks.