All The Talk In The Market Is That 'Global Rates Are Moving Higher'
Forex Analytix | Jan 07, 2022 04:00AM ET
All the talk in the market these days are that "rates are moving higher" globally, and they are not wrong. And when trying to gauge if the US bond market will continue lower (10-year yields towards 2%), sometimes helping confirm the move with other markets is very important.
What we see with the German 10-year bund we are at very critical support which has held as a pivot in the market on July 2016, January 2020, May 2021, November 2021 and today. A break of the 168.70 level could expose a move to the 167.41 level and also confirm yields are rising globally. Our assumption we are at risk of a breakdown today following the US jobs report.
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