Email of the day on the bond markets and labour market
Comment of the Day

January 07 2019

Commentary by Eoin Treacy

Email of the day on the bond markets and labour market

I thought you may find this interesting. If we think we have a LT top on bond prices, the Powell put and fiscal excesses may just cause the next bull move and the move to higher inflation. I thought this FT chat on labor market was interesting ..best   

Eoin Treacy's view

Thank you for this email which is timely considering the extent of the rally we have seen in bond prices over the last few months. The Merrill Lynch 10-year Treasury Futures Total Return Index has rallied impressively and is now testing the sequence of lower rally highs evident since the middle of 2016. A short-term overbought condition is now evident and this is a natural area where resistance might be expected.

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