USB30YUSD
European banks turn up as US 30 year treasury bonds fallBanks do better in a high interest rate environment. The US central bank is going to be reducing its balance sheet by selling US bonds. As the yield curve steepens, interest rates rise. If reflation holds (DXY falls, interests rates rise AND it doesn't crash the market), banks could do very well. Watch for upward resistance here. The european banks are up today. To see the intraday STOXX 600 banking prices, go to STOXXdotcom and search sx7p. See the links to the relevant etfs for trading options.
I am only short USB10yUSD via TWO right now. Note the chart shows 1/USB30yUSD, the inverse of the bond price (yield is also inverse to the bond price).
US 30 Year Bond is testing it's daily uptrend line and supportI posted this as neutral because it can go either way from here. I shorted the future 2 days ago but did not buy TMV in my 401k.
For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an appropriate time. usb30yusd usually falls with dxy strength.
Emerging Market Bonds break the uptrend lineIf the EM bonds turn down from resistance here, this would start an EM bond bear market which would be highly significant. Yields rise = inflationary.
I can't find an EM bonds inverse ETF to short EMB in my 401k.
30-YEAR T-Bonds - Down, But Not OutThe first support for the 30-Year is 152 (purple line) and the next is 146 (green line). A turn anywhere above 152 in the days to come will signal a bottom and a potential run to 162.
