US 10 Year Yield Update 17 December 2025
Into a bull flag
A slew of dovish employment reports, catching up with Nonfarm Payroll after the government shutdown, added to the weak jobs narrative. Old and probably unreliable but sets us up nicely for the December report on the first Friday in January.
Despite the positive news price-wise, yield didn’t drop much and is moving into a bull flag with 4.20% the yield Treasury has to defend.
Yield trend support since COVID is at 3.80%. How much QE does the FED need to unleash to get it there?