Longer-Term YIELD Grinds Higher

Mike Paulenoff MPtrader

I have no idea why YIELD popped from 1.72% to 1.77% this morning, but I do know that recent weakness from the 1.81% high on Oct 17 pressed right into, but held, key support at 1.70% prior to today's upside pivot reversal, which I consider very-constructive action within a still-bullish, medium-term recovery "rally" set-up that points to a challenge of 1.95% to 2.00% next.

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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