Why this strategist expects a 'boring' June FOMC meeting

As the Federal Reserve meets to decide on its next monetary policy move, is recent economic data hinting at fresh buying opportunities in Treasury yields (^TYX, ^TNX, ^FVX)?
Bank of America Chief Technical Strategist Paul Ciana joins Yahoo Finance's Morning Brief in-studio to discuss projections for US treasuries based around market volatility and the Fed's own interest rate agenda.
"Short-term technical patterns are always developing which could indicate a move back up to 4.75, maybe approaching 5%. And what I love about that actually happening is then we would be able to form a big top in the 10-year yield chart, which we don't have yet," Ciana explains. "But I think if we just kind of look through the forest for the trees kind of bias and technicals, here is if we're up around 4.60 or so in the ten-year, we should be nibbling long. If we're retesting the year-to-date high in ten-year yields of 4.74%, we should be buying. If we're above that, we should be loading the boat long..."
#news #stocks #youtube #rumble #trending