Sticking with bonds after Friday’s post of the MOVE Index, it’s truly incredible to see how low yields have remained here in the US – especially on the 30-yr. It’s not shocking, either, given what has happened in 2020 from a growth perspective.
If and when yields do wake up, two levels worth watching on 30-yr Treasury yields are 1.45% & 1.85%. These are notable downtrends (and will change over time), but these two areas would/could/might be trend changes in the direction of yields.
Source: Bloomberg & Wennco LLC
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