In today’s briefing:
- Shift in Rate Dynamics
Shift in Rate Dynamics
- US 10 year cleared the 4.90% resistance threshold as the market reprices Fed policy. This yield pop will have lasting effects.
- 3.85% is the key support with to supply rally energy.
- Short term target comes in at 4.20% and MT resistance at 4.70% (but not in a strait line). A staircase move is expected.
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