The market is more sanguine about it today
The US 30-year bond yield is up 7.8 bps to 2.26% today as the break higher continues. At the start of February it was at 1.80%.
We appear to be on a collision course for 2.40%, which is the 2020 high and the 61.8% retracement of the 2018-2020 fall.
The rise today isn’t having the same effect on broader markets, though the US dollar is ticking higher. Powell highlighted rising long-end yields yesterday as a sign of confidence in the economy and there’s certainly some truth to that.
At some point the foreign buyers will step up in a big way to cap the top and there are signs of that as the US dollar climbs in the past few minutes.
This article was originally published by Forexlive.com. Read the original article here.
RULE-BASED Pocket Option Strategy That Actually Works | Live Trading
This “NEW CONCEPT” Trading Strategy Prints Money!… (INSANE Results!)