Current Economic Collapse News – Yields, Earnings, Housing Construction, Deutsche Bank, And ‘Mega Default’ In China

Monday, January 20, 2014
By Paul Martin
January 19th, 2014

Citi: “Time For Yields To Correct Lower”

Via Citi FX Technicals:

Time for yields to correct lower…

At the end of 2013 yields finished at the highs of the trend. However the recent attempts to push beyond 3% have so far failed suggesting a double top is in the making as we have seen on many occasions over the years

Support levels are at 2.41%-2.46% which should be tested. A weekly close below there if seen (not the base case scenario at this stage) would warrant further concern.

Interestingly enough, this comes at a time when the Federal Reserve has slowed down its asset purchase program. This reminds us of the last time the Fed tried to end its QE program…


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