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Currency - April 25, 2018
Currency Update
Volume 2, Issue 6
April 25, 2018
Download PDF Version here
Items of Interest:
This is a quick update on the U.S. 10 Yr. Yld. which today hit our long-term target of 3.03%. This target was generated off the 2016 base, 18 months ago, and this is a zone for a potential turn down. Given the fact that momentum in the recent weeks has been strong, there is a chance for an extended move to 342% if we were to see a weekly close above 3.06%. At this point, we are comfortable taking the long call off and will wait to see if the market brings us back in for another leg higher.
