While the US 2 year yields were rising the 10 year remained flat and the 30 year bonds are rallying now. This takes me to the view I presented in the Long Short report. That a risk off rally in Bonds into December maybe likely. In this scenario wave 3 down longer term has not started and wave C of 2 up kicks off. The signs of that are now visible and till the recent lows are broken by bond prices bonds may rally and yields may decline. The chart of the 30 year shows a small inverted Head and Shoulders bottom [blue neckline] and a breakout above 155.4 should further add to this view.

Rohit Srivastava: ' This is a free update on the markets for public reading. My views are based on my analysis of the markets after years of such analysis, since 1991. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'