Flash: Higher US rates come as no surprise – 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%) – ultimately, we look for 2.40% to be strong resistance in the near-term.” they add.