Inverted Yield Curve Happens 1st Time Since 2007
Michael Seery of Seery Futures - InsideFutures.com - Wed Aug 14, 7:59AM CDT

10 Year Note Futures---The 10 year note in the September contract is trading higher by 18 ticks at 130/13 reversing the losses that we witnessed in yesterday's trade as this market still remains very bullish in my opinion as the yield currently stands at 1.60% right near a 3 year low.

At the present time we now have an inverted yield curve which has not happened since 2007 as the 2 year note is trading slightly above the 10-year which is just shocking in my opinion, however I still believe interest rates go substantially lower over the next several weeks and months ahead.

I have been recommending a bullish position from the 128 /00 level and if you took that trade continue to place the stop loss under the 2 week low which now will stand at 128 /14 as the chart structure will start to improve on a daily basis therefor the monetary risk will also be reduced.

The 10 year is trading far above its 20 & 100 day moving average as clearly the trend is to the upside as I still believe yields can go down to the 1% level by year as the Dow Jones is down another 400 points today helping fuel bond prices so stay long as there is still more room to run to the upside.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: HIGH

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

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