Interesting chart on the US10Y and the reason PMs are rec'ing a 'come to jesus' moment!
Support off 0.50 but selling pressure on the Twiggs Trend index.
Additional stimulus in the pipeline with treasury issue overload driving the recent rise - TIPS moved off its base of -1.08. We did see something similar in June 10Y spike.
Unlikely the FED will not add to its pile and ensure the macro downward cycle of US10Y continues flat to lower, which means PMs will continue to push higher.
Goldman Sachs SBM upgrade, page-14
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Mkt cap ! $376.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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