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Long Bond Yield is Challenging Important Resistance as Friday's Jobs Report Approaches


Heading towards Friday's Jobs Report, amid a barrage of increasingly hawkish comments from Fed Heads about a forthcoming rate hike before year end, let's notice that 10-year YIELD is pushing up against key resistance at 1.75%, which, if hurdled and sustained, should trigger upside follow-through to 1.95% - 2.00%.

The next directional catalyst that could trigger either a thrust towards 2%, or a major downside reversal from 1.75% back towards 1.50%, will occur in reaction to Friday's Jobs Report.

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