Everyone sees rates higher, but...

Rates - big levels coming up

Consensus about yields spiking further is strong. In our thematic email, Ready for the rates reversal?, we pointed out some facts that the move higher in rates had the potential to reverse/take a pause. Since then rates have come down and are approaching rather big levels. Things could get "dynamic" should we see yields move slightly lower as we risk taking out rather big supports.

US 10 year - is that a reversal in the making?