What’s Next For Bond Yields
So, I see a headline that Jim Bianco says the ten year US Treasury yield will rebound to 5.5%. Not likely, as that would be new highs for the cycle. I am looking for the ten year to maybe get up to 4.75 on a corrective bounce. That would fit in with the TLT(20 yr ETF) which reached my short term target at 92 on Wed. filling the gap there, getting to around 88 to fill a gap, possibly even getting to 85, to fill another gap. That would be the worse case scenario.(maybe driven by another phony jobs number next Friday.)