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A Head Fake For 30-Year Yields?

US TSYS

The fiscal impasse on the Hill and jitters/delays on the COVID-19 vaccine front has the generic 30-Year U.S. Tsy yield back below its 200-DMA on a closing basis and back within the familiar range it has held to for the majority of the recent trading sessions. Could last week's pop be a head fake? It could well be, and we could be set to hold within the familiar range in the run up to the election, with the blue wave dynamic/election results set to be the key driver for the fiscal dynamic. Current expectations point for some form of fiscal stimulus being passed at some point, probably after the election, with the a blue wave election outcome the more favourable re: the size of the potential stimulus.


MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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