Why is the 10 year yield rising?

With "cash flowing into the safety of bonds" (Nightly Business Report) one would think rates would be decreasing, but for the last couple of sessions they rose. Does anybody understand why?

Thanks
Jim

 

Did you check the support on the daily chart?

 

But then I look at the continuous contract and I see this...

 

would this help?

 

Best not to use futures charts due to all the spec changes, CTD rules, etc IMO. Stick to cash rates or closely related indices.

 

But the futures chart was the only thing that helped me identify the top in ZB from July 2016........

 

Treasuries are going down because they were pricing in the Trump/Syria saga as a "temporary" thing, and sticking to the fundamental game of some casual hikes through-out the year. This was just a knee-jerk reaction, as well as the low jobs number, to push Treasury prices higher.

Many FOMC voters and board flopheads have come out pushing commentary in line with gradual hikes for the year. The unemployment rate after NFP was too much to just ignore.

There are hikes coming this year and there's still an enormous Trump tax plan to come. It would be unwise for your typical hedge fund scum to actually put a big position on against this. Trump is a VERY bad spender. He's like a woman with her ex-husband's credit card for the weekend.

I would not bet on him to do something 'stable'. Who knows just how much he could spend and what kind of tail-spin he might send America into (inflation-wise and economy-wise).

 

In case you missed it

1. 
   Raoul Pal‏@RaoulGMI 2h2 hours ago
   

US 10 yr bond yields have broken key support. Next stop 1.8%.

 

1. 
   John Authers‏Verified account@johnauthers 29m29 minutes ago
   
   
   
   John Authers Retweeted Raoul Pal
   
   Less than a month ago, 10yr Tsy yields appeared to have broken out upwards. Now they're breaking out downwards. Reflation Off. Happy Easter.