US 10-year yields hit lowest since the US election
Whatever the bond market is signaling, it isn't good.
US 10-year yields are down 5.2 basis points today to 2.11%, the lowest since November 10. if this breakdown continues, it will get ugly very quickly.
Note that the double top in Dec/Mar was a huge signal and marked a turning point in the US dollar and many other asset classes.
The trigger today was the North Korean missile test but the top and turn was all about the inability of the US to generate growth. The Fed is slowly shifting back to neutral and Republicans have been unable to deliver on anything yet.
USD/JPY is similarly teetering and gold has already broken out. It's not looking good.
