USO - Bond Yields Equities And Oil Are Set To Fall Near Term But The 'Great Correction' Is Over: Part 2
(This article was first published on January 31, 2019, and is the second installment of a comprehensive report on near-term outlook on various assets classes).
US Treasury Bond Yields
In the final analysis, the short-term fate of the DXY and EEM are tied to the outlook for the performance of US Treasury bond yields over the next few weeks, primarily until early March.
Take the Treasury Cash Balance (TCB). The point is that Treasury bond yields tend to anticipate the inflows and outflows of the (TCB) by as long as two weeks. If this historical