I am keeping a close eye on bonds ahead of the NFP on Friday. Junk bonds are just testing the top of the kumo and the indicators are showing potential rejection to the downside is possible.
The U.S. 2yr is headed for an important level as the yield is rising due to the Dec rate hike speculation. As I have said previously, this is all about perception. As long as the Fed can see results without doing anything they will keep going with the talk
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