Treasury yields surged through last week, but Cornerstone Macro's Carter Worth says this might be as good as it gets.
It's Fed week once again, and the bond market is anxiously anticipating the central bank's decision on whether or not to cut interest rates.
"One thing we know is that there is a fairly well-defined level where there was equilibrium, from which, of course, rates collapsed and we hit 1.45%," Worth said Friday on "Worth noted we've seen a ricochet back to the low end of that range of equilibrium, but yields have a long way to go before they break the downtrend that has been in place since October. Rather than the end of the decline in yields, Worth thinks there is even more pain on the horizon.
So, if Treasury yields are about to fall, that should mean that bond prices are about to rise. Similarly to the downtrend in place for yields that has yet to be broken, the– despite selling off last week – is still above the uptrend that has been in place for most of the past year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eight Home Underdogs And Here’s Who You Should Bet On In NFL Week 2 GamesNFL Week 2 is always a fascinating one in the bettor versus bookmaker battle. The Week 2 slate features eight teams that will line up as a home underdog. Yet all 8 of the road favorites are taking a majority of the bets. Here are some underdogs worth betting on in Week 2.
Read more »
Top Bets Against The Spread For College Football Week 3 ActionWe highlight three college football matchups that look to offer promising betting value against the set point spreads. With USC and FSU reeling, is this the week they finally find their footing?
Read more »
Would You Wear CBD-Infused Activewear to Work Out?This new label is betting on a certain fitness demographic who just might.
Read more »
Why Sophie Turner & Maisie Williams Are a Duo Worthy of the ThroneAhead of the 2019 Emmys, look back on the Game of Thrones stars unbreakable bond.
Read more »
These are the best countries to move to if you want to work abroadThe Expat Insider 2019 Survey says this bucket-list destination is tops for people who want to work abroad.
Read more »
Tencent jams pedal into battered China car marketThe tech giant and others have made a roughly $1.2 bln offer for comparison site Bitauto. That will in turn mean bidding for online retailer Yixin, which the target part-owns. It’s a cheap bet that may bring benefits in payments; acceleration will still require an auto recovery.
Read more »