US Yield 10y (USGG10YR) – Long Term Rise Confirmed

Fed Still Sees One More Hike in 2017 and Is Starting Balance Sheet Wind Down in October

Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Technical Analysis

US Treasury (10 Yr Generic) / Technical Analysis

US curve 2-10, also appliable to 5-30 and 10-30, flattening cycle since the beginning of 2017 is about to reverse.The curve is showing signs of steepening reversal with divergences on the mathematical indicators and the end of a 11 months downside move.The closest to 64bps max 57bps, a new steepening should be taking place towards 100bps even 112bps. 80bps will act as the risk level in any configuration.In parallel, <a href="https://www.smartkarma.com/entities/22878" target="_blank" data-smartkarma-citation="entities:22878:1">United States Treasury (T GOVT)</a> 10y yield should soon start to rise again above…

US curve 2-10, also appliable to 5-30 and 10-30, flattening cycle since the beginning of 2017 is about to reverse.The curve is showing signs of steepening reversal with divergences on the mathematical indicators and the end of a 11 months downside move.The closest to 64bps max 57bps, a new steepening should be taking place towards 100bps even 112bps. 80bps will act as the risk level in any configuration.In parallel, United States Treasury (T GOVT) 10y yield should soon start to rise again above…

US Treasury (10 Yr Generic)

US 2-10 Yield Curve Steepening Expected