US10y UPDATE
10Y yields are breaking out, driven by Japan and the global curve. Even so, the move still looks orderly and “calm” (if you can call this calm). In the weekend letter I said I would add to the T-Note short on a breakout. Refining that: I add only on a power breakout. A broader, stronger move that gives more conviction in the break. If it keeps grinding higher in this homeopathic fashion, I will stay with the current short At least today's move is going toward my side. Can't complain
10Y yields are breaking out, driven by Japan and the global curve. Even so, the move still looks orderly and “calm” (if you can call this calm). In the weekend letter I said I would add to the T-Note short on a breakout. Refining that: I add only on a power breakout. A broader, stronger move that gives more conviction in the break. If it keeps grinding higher in this homeopathic fashion, I will stay with the current short At least today's move is going toward my side. Can't complain
