Bond yields are rolling over. Or is it just volatility?

Nothing new out of the November FOMC meeting

Last week the yield on the 10-year Treasury notes is down -8%. That's a significant move for sure.

Is it THE move though? Or are we just living in volatile times? It seems that this talk of bond yields rolling over is a bit premature. 

Unless the bond market is sniffing something bad with the US economy...

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Bond yields are rolling over. Or is it just volatility?

The takeaway

The 10-year yield on US Treasury bonds got hit hard last week. But it isn't Jerome Powell's fault. Or a consequence of Janet Yellen's plan to sell $816 billion worth of bonds next quarter. 

More likely than not it is a sign that the bond market is getting mixed feelings about the state of the US economy. 

Leading indicators are looking weak. And the job market isn't as hot as it used to be. 

But the data is not clear cut yet. That means more than being a turning point, this move is more of a sign of the volatility that is to come in the next few months.

Now isn't the time to mortgage your house to take on leveraged positions in any asset, including Bitcoin. 

FOMC press conference