The bond herd is arriving

Much hoopla about U.S. interest rates

Perspective is required.

U.S. year bond yields have never seen 8 consecutive weeks of rising yields. Stocks and Commodities tend to see streaks lose steam in the 7th or 8th consecutive week.

We are closer to the streak ending.

The U.S. 10 year bond yield has never been Overbought on a Monthly basis, until now.

The U.S. 10 year bond yield has never been extended this many percentage points above its 50 month moving average.

The U.S. 10 year bond yield is near to trading up to 2.5 standard deviations above its rolling monthly mean for only the 5th instance in 40 years.

September 26. 2022

by Rob Zdravevski

rob@karriasset.com.au