Some Other Evidences for Lower Yield

Here they are: 1)On seasonal study, we are expecting an important cycle low formed in mid-May: 2)Small specs are in extremely bearish positions on Bond with the net shorts at historic high levels; 3)Technical indicator (not shown on chart) is having a bullish multi-divergence signal.

Chartwise, a rebound to 109-110 for June 30yr Bond (ZBM) is expected.

Case for Lower 10-yr Yield