Flash: Advancing US rates now expected – RBS

FXstreet.com (New York) - According to the RBS Research Team, “There are widespread signs that investors are now defensively positioned for higher rates.”

To this end, “the medium-term momentum signals are deeply oversold for US rates. Ultimately we recommend covering shorts, longing 2-year notes (stop on a daily close above 0.43%) and getting ready to extend durations when longer-term momentum signals finally confirm that the bear trend in place since early May has ended.” they add.