Bonds, USD, Euro

Treasury yields are rising with the spread between the 10’s and 2’s also rising.  That continues the recent short-term trend.  The longer this keeps up the closer we’d get to being able to declare a new trend and… a new macro backdrop.

The graphic also includes the 10 year Treasury Note and some Euro/UK bonds.  The bonds are down as yields are up across the pond as well.


Uncle Buck has bounced to the underside of the former 94 +/- support, now short-term resistance.  There is notable support around 90 and 92 at the 38% and 50% Fib retrace levels as noted previously.


Though I think USD can decline further to those levels, I am neutral on dear old Unc right now and bullish on the big picture; which must mean I am bearish on the Euro’s big picture after being fully prepared for the current Euro rally:  Euro Bullish

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