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.
George Davis at RBC Capital Markets has shifted his outlook from bearish to neutral for US 10-year yields.
The outperformance of government bonds versus gold could signal a new wave of deflation ahead, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global in an interview for CNBC.
The US 10 Year Yield has bounced but needs to breach 2.026 to confirm a recovery, says Chris Williams, Senior Broker at Newedge.
Although the Treasury-Bund and Gilt-Bund spreads have narrowed sharply since Spring of this year, George Davis, Chief FIC Technical Analyst at RBC Capital Markets, thinks the longer-term widening trend is about to re-assert itself.
Traders should go long Spanish 10 year government bond yields, according to Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
We have just seen the largest weekly bond outflow ($5.9bn) in 18 months, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Bond yields can still finish the month strongly and wrong foot the market, according to Chris Williams, Senior Broker at Newedge.