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$MACRO I’m still bearish on Treasury yields… that’s why I’m long $TLT $TMF … In my view, both the 10Y and 20Y Treasury yields are testing a major resistance zone. If that level holds, I believe the next meaningful move will be lower yields… This week is packed with important macro data. My main focus is the Core PCE and the FOMC meeting. The CPI and PPI released earlier this month pointed to continued disinflation. If the Core PCE reinforces that trend and GDP shows signs of moderating, I think the case for lower yields becomes even stronger… As for the Fed, my base case is that rates remain unchanged this week. The statement and Warsh’s press conference will likely matter more than the rate decision itself$MMT $MU