Looking at 30 year UST yields key levels are at 2.2% and 2.4% on the weekly chart.
Break and close above 2.4% could indicate we have bottomed, but close below 2.2% and we're probably heading lower, meaning the rally in yields (sell-off in bonds) was a retracement of the heavy buying buying before the rally in treasuries continues.
Break and close above 2.4% could indicate we have bottomed, but close below 2.2% and we're probably heading lower, meaning the rally in yields (sell-off in bonds) was a retracement of the heavy buying buying before the rally in treasuries continues.
Note
Well that was a significant break...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.