Near Term Trend: Positive
Friday’s Close: 132’120 (+ 1 point, 18) Yield: 1.56 %
UPDATE: Equities came under severe pressure and Yields dropped (Treasuries prices rose) accordingly.
I look for yields to remain under pressure for the next week until the dust somewhat settles on the Brexit situation.
Therefore, if Equities remain under some continued pressure, Yields could migrate toward the 1.40 % region. Volatility could contract but I would think the court of public opinion keeps yields under 1.75% for the next two months.