Best Guess, 10 year rates to Rise

What ?

While the long-term trend is to lower rates, we would not be surprised at a short-term rise in the 10 year rate, quite possibly to a new high for the year (200 day average rate is 2.84% ) over the next 3 months.

Why ?

Euphoria over the trade deal and a continued willingness on the part of government, corporations and consumers to substitute debt for income to finance purchases will be central to the issue.