It's Still 'Crash Mode' for Treasury Yields

11/07/14 08:24AM EST

It's Still 'Crash Mode' for Treasury Yields - 77

The UST 10YR Yield is at 2.38% this morning. It remains in crash mode for 2014 (down -21% from 3.03% where it started the year), so today’s jobs report really matters – if only because there’s so much asymmetry in SPY vs. everything else in the world.

Immediate-term downside risk in the UST 10YR Yield to 2.22% as outlined in Daily Trading Ranges - we remain very bullish on the Long Bond (TLT, EDV, etc).

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