A Risk Off Monday... Down Goes 10-Year YIELD

Earlier today, Christine Legarde, Head of the IMF announced that the IMF intends on lowering its growth forecasts because of the weakess in the Emerging Markets-- 3.3% "is no longer realistic."

Let's keep in mind, that she warned Fed Head Yellen not to raise rates a few weeks ago.

Lagarde continues to pressure Yellen to avert a rate hike, even one of just 25 bps!

No wonder longer-term rates are under pressure, which is exacerbated today by equity-market weakness and flight to safety into bonds.

Next target zone for YIELD: 2.05% to 2.00%.


  Matched
x
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!