10-Year Bond YIELD Remains Under Pressure

The look of the developing decline in YIELD off of the Jan 2 high at 3.04% tells me to expect more weakness that presses YIELD for a test of its Feb low at 2.57%, and perhaps a break of the low and the rising 40-week EMA in route to 2.50% to 2.45% prior to the emergence of YIELD strength.

If my work proves reasonably accurate, then my suspicion is that we should expect YIELD weakness into and in reaction to another disappointing Employment Report on March 7 that will pervade the investment landscape with a sense that the poor economic performance transcends the negative impact of the harsh winter across much of the United States.

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