On March 15, 2025 it was noted that a brief rally in the Dow was expected, but this would be followed by an increase in volatility. And, there would be a sequence of declines. It was also noted that there was no expectation of the Fed lowering its range for the federal funds rate. This is still the case. At this point Non-commercial futures traders still hold a substantial number of short positions in the 10-Yr Note. The current 10-Yr yield is in a structural position similar to where it was on December 11, 2018. While stock markets decline rates are expected to move lower just like they did in late 2018.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
