The 4.30% level continues to be my line in the sand for the US 10 Year, with rates taking front and center stage recently.
The 10-year yield has jumped a bit to kick off the session on Monday. Typically, this is a very pro-US dollar thing, but we actually are not seeing that today. I’m watching the divergence because I do believe that if yields in the United States start to drop, that will only supercharge some of the slight trouble the US dollar has had.