Friday, July 10, 2020 / by Erik Bjorklund
Sideways Victory For Bonds and Rates
We've been tracking both a sideways trend and an uptrend in bond yields for more than 2 months now. The uptrend has been winning (and SHOULD win), but bonds were strong enough today to make a case for a return to the sideways range. With rates near all-time lows, "sideways" is a victory.
11:30-11:50 AM (ET) - Fed ...