Still think rates will head lower due for a myriad of reasons, but in the short term, it is plausible that rates will go higher for technical reasons.
Longer-Term Reasons for lower rates (i.e. lower for longer)-
1) Monetary Policy remains accommodative
2) Growth/Inflation expectations remain subdued
3) Foreign buying interest from places with negative yields on rates (see japan, europe)
Near term reasons for the long bond to go up in yield-
1) Hawkish Fed Talk
2) Technicals as seen in the diagram (e.g. long term toppyness, decelerating RSI, declerating CCI, potential MACD bearish cross-over)
Longer-Term Reasons for lower rates (i.e. lower for longer)-
1) Monetary Policy remains accommodative
2) Growth/Inflation expectations remain subdued
3) Foreign buying interest from places with negative yields on rates (see japan, europe)
Near term reasons for the long bond to go up in yield-
1) Hawkish Fed Talk
2) Technicals as seen in the diagram (e.g. long term toppyness, decelerating RSI, declerating CCI, potential MACD bearish cross-over)