Last week JP Morgan’s Jamie Dimon, suggested that investors were too complacent with their outlook for interest rates remaining lower for longer, and that we should be prepared for a 5% rate on the 10-year U.S. Treasury. As you can see from the chart below the 10-year is currently trying to break the 3% level (red line) which in 2014 stopped the first rally from its historic lows in 2012. The basic technical set up
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