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TME investigates.
Extreme in rates land
The US 10-year yield is putting in an absolutely massive up candle post the disastrous 5Y auction. We are in pretty much uncharted territory for this cycle. RSI is very overbought, but the momentum behind this rates move is extreme.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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