The yield on 10-year treasury and US economic data have moved in the opposite direction since April. Such discrepancy won't continue forever. One of them is wrong, and my hunch is that it is the 10-year treasury.
I’d be buyer of TBT (i.e. short 10-year treasury) at these levels. TBT is struggling to get past the $54 resistance level. If it does get through it, hopefully this week, there is clear path until $60. If I am wrong, I would put stop-loss at $52. Click here for more details.
