Sujay_fi

$US10Y trading above the downward trendline

Long
TVC:US10Y   US Government Bonds 10 YR Yield
US10Y Even though most of the macro indicators (alongside the recent CPI data) indicate lower yields forward, the downward trendline from Oct 2022 highs broke out in June 2023, with a successful retest pattern couple of days ago. So, as long the yields stay above the trendline, we could see them rising higher over the coming months.

Disclaimer

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.