The Traderszone Network

Published in TZ Latest News 4 May, 2014 by The TZ Newswire Staff

"Watch The Russell" & Don’t Fade The Bond Rally, BofA Warns

Via BofAML’s Macneil Curry,

10yr USTs threaten the US $

US 10yr Treasury yields take center stage next week. After 3 months of range trading, they have resumed their year-to-date downtrend. The Friday Bearish Outside Bar (a bearish chart pattern indicating further downside) and closing break of the 2.591% range lows says lower 10yr yields are coming. We target the 2.420%/2.399% multi-year pivot zone and potentially below. DON’T FADE THIS BREAKDOWN. Watch US equities.

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