With positioning at record highs, sentiment at extremes, and The Fed about to drop the next hawkish tape-bomb, the following three massive trendlines remain the ones to watch across the interest rate curve…
The decline in 10Y Treasury bond yields has broken its multi-year trendline…
The 5Y Treasury yield has broken above its 4-year-long resistance…
And the shortest-end of the interest-rate curve has decidedly broken its trendline…
But once again, everyone is already on the same side of these trend-breaking moves…
At the long-end…
And the short-end…
via http://ift.tt/2gAlPqW Tyler Durden