Longer-Term Yield Grinds Higher
Mike Paulenoff | Oct 25, 2016 12:22AM ET
I have no idea why the U.S. 10-Year yield popped from 1.72% to 1.77% this morning, but I do know that recent weakness from the 1.81% high on October 17 pressed right into, but held, key support at 1.70% prior to today's upside pivot reversal. I consider to be very-constructive action within a still-bullish, medium-term recovery "rally" set-up that points to a challenge of 1.95% to 2.00% next.
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