Trendline resistance in US 10-year bond yields comes in at the 2.71% level. Yields are leaning on that level right now. A close above would further my argument that the recent round of risk aversion is over and the dollar faces a tough go over the next few weeks.
The fly in the ointment? That September/October is traditionally the most volatile time of year for equities. Volatility tends to go up as prices go down. If we have a stock meltdown, all bets against the dollar should be off.
