Short-term tops have been confirmed for both yields and the USD, according to George Davis at RBC Capital Markets.
A large price move is due on Eurodollar futures, says James Dima, technical analyst at Marex Spectron.
A move above key resistance has opened up bullish possibilities for the Bund, according to Andrew Gebhardt and Tom Read of HPC SA.
The markets’ appetite for US credit risk has reached levels of “euphoria”, according to David Sneddon and his team at Credit Suisse in London.
In the wake of the Brexit vote RBC Capital Markets has officially changed their Fed call and are now looking for the next hike to come in the middle of 2017 at the earliest.
Whilst there are no signs of a reversal in the broader downtrend for the US 2 vs 10 year swap curve, signs are beginning to appear that a correction will occur, according to George Davis at RBC Capital Markets.
The difference in behaviour between the ten- and thirty-year US Treasuries may alert us to a pivotal turn in US interest rates, says Peter Lee, Chief Technical Strategist at UBS in New York.
The case for further rate highs in 2016 is in serious doubt if the 1.78% level on the US 10 year Treasury Note is breeched, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Congestion has been building for the December 2015 10-Year US Treasury Note and James Dima, technical analyst at Marex Spectron, says an at the money straddle will be a good way to trade the eventual breakout.
Walter Zimmermann, Senior Technical Analyst at United-ICAP, gives his short- and long-term outlook for 10 Year US interest rates.