Many interpreted from the latest FOMC meeting that the Fed is going to have three rate cuts this year, but Jerome Powell did not say that. Let me quote directly from his transcript: “If the economy evolves as projected, the median participant projects that the appropriate level of the federal funds rate will be 4.6 percent at the end of this year” And he...
Good Morning Update Unless this reverses it looks like it is getting stronger. Thought #interestrates were supposedly going down? 10Yr #yield looks very good & the 30 Yr has been pumping for a bit. 2Yr stopped falling, is it bottoming here? US #Dollar pumping as well - TVC:DXY We've been warning.......
This chart appears pretty well behaved. This decline in yield has come right into the .382% retracement area of wave 3 for a wave 4 bottom. If the 30Y bond continues to behave...yields are headed above 5%. To some of you reading this...that may sound like a stretch. To those who like correlations...I wonder what happens to stocks if this plays...
Watching TYX 30Y Treasury Bond Yield for a reverse in trend ! Possible trades TBX or TBF
The Nasdaq is puking on Friday by as much as 2%, as yields spiked back toward the recent high's. The 10Y yield traded as high as 1.616% after pairing some gains, while the 30Y yield broke out to new high's at 2.38%. Are the CTA's jumping back into short already after this week's muted long end auctions? I was wondering what investors were thinking, piling back...
Hoping for 10y yield to retreat relative to 30y yield, which would usher more strength and stability. Seems contingent on a sub 1.5 10y yield. The falling wedge gives me a lot of hope despite a false breakout near the end of January.
Bonds were in the downtrend since March 2020. A larger H&S pattern is in play. Its right shoulder is being developed. The most recent retest of the 61.8% level provided a decent reaction. It means buyers are closely watching the price movement and took a shot to stop the bleeding. This could be an opportunity to enter the market on the long side and hold for a...
Due to Covid 19 the US30Y has drop. When things gets back to normal, should we expect an increase ?