- Treasury yields dropped like a rock last week to 1.12%, then rose sharply on better-than-expected economic data to touch 1.30%.
- The question now is: Will they continue to rise or head back towards 1%? For Treasury yields to head straight back down to 1% or below would mean that we have an economic problem.
- As for bitcoin, the impressive 50% or so rebound since breaking $30,000 conclusively puts the cryptocurrency right under its 200-day moving average, where most of the trading has occurred since mid-May. The most bearish thing bitcoin can do now is to take out $30,000.
For further details see:
The 10-Year Treasury's Successful Retest Of 1.12%