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Anthony Rizzo
Apr 01, 2019 2:33PM ET
Expect to see US 10yr Vol pair recent gains with after bullish PMI data from China and US gives market constructive evidence of progress between the worlds two largest economies. . 10yr vol indicated extreme bearish momentum in the recent weeks as the well known 3month-10yr spread inverted, that has accurately indicated a recession in the 18-24 months after the inversion 85% of the time tracking data back 50 years. However, the US Bond market rally is now showing signs of cooling as yields have lifted off 2 year lows in the wake of positive trade talks, World CB Accomadative Monetary Easing (and Fiscal Policy in China), earnings growth, and major economic indicators signaling an emergence back to expansion in Asia and the US, with the exception of continuing contraction in the EU as continued auto tariffs and threat of a "no deal brexit" taking toll on the nation ot 28 countries. . Markets have shown evidence that bullish sentiment has returned to the market in the wake of Q2 earnings.
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