It will be interesting to see how the yield moves from around this point. Recent market decline selling could mean that money is reverting to a bond play.
So there's every chance that we are at the bottom of the curve and I think yields could go higher from here, and quickly, as the FOMC meeting nears.
Even though the FEDs chairman reaffirmed last week that poor global economic growth could stay the FEDs hand at an interest rate movement for a while these words have to be seen in the context of where, when and why they were said.
The FEDs unwinding QE finalization will move markets. It will probably be the pivot that markets will move around this and next month. US markets hate interest rate limbo and will become very restless. My money is on a market dummy spit from early November and yields to get to ~2.6% within a week.
