Author: Nathan J. Rowader
April 17, 2017
Category: Quantitative Insights
Our Observations: The 10-year Treasury yield fell from 2.38% to 2.24% over the past week, breaking out of the trading range it has held all year. We believe this likely signals the beginning of a correction that should favor less risky assets such as Treasurys and cash over riskier credit and stocks. However, we’ve noticed most of the riskier assets have a positive sloping 200-day moving price average, which may indicate that this is a sell-off within an overall bull market.