Flash: Investors on defensive for higher rates – RBS

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

Reflecting this, “medium-term momentum signals are deeply oversold for US rates. Cover shorts, be long 2yr notes (stop on a daily close above 0.43%) and get ready to extend durations when longer-term momentum signals finally confirm that the bear trend in place since has ended.” The team adds.