CHART OF THE DAY: Bond Yields (Did You Chase YTD Highs?)

Being short Momentum, High Beta, and US Growth sounded “creative” and “interesting” at the time that we made that call at the end of September. Now it just sounds right. 

The other thing that worked out well for us last week (instead of freaking out and capitulating alongside consensus at 3.23% on the UST 10yr Yield earlier in the month), was being long both short and long-term US Treasury Bonds: 

A) UST 2-year Yield dropped -9 basis points last week, breaking immediate-term TRADE support of 2.84% (closing 2.81%)
B) UST 10-year Yield dropped -11 basis points last week, breaking immediate-term TRADE support of 3.12% (closing 3.08%)