US 10 years treasury Yield touched it's weekly trend line and bounce, and if bearish trend will continue it's a sign of recession.
I noticed the treasury bond yields are almost identical to the bitcoin/usd chart for 2020 and 2021 ever since the black swan event in March '20, but not in any other period prior to this cycle. Anyone have any insight into why this is and why this wasn't before?
Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% . Gold has entered into 1830-1845...
Shares of Goldman Sachs (GS), JPMorgan Chase (JPM) and other financial firms are advancing along with bond yields. The rate on the 10 year Treasury note is up 1.48%. If you did not know, those higher rates are pulling down shares of tech companies that benefit from lower borrowing costs. All the FAAMG stocks had experienced a red day due to this. When trading...
Descending Broadening Wedge with Bullish Divergence on the RSI near Support and will probably rise with the US Dollar.
The Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day. The Ivey PMI rebounded in impressive form in February, rising to 60.0, well into expansionary territory. This followed two straight readings below the 50-level, which indicated contraction. The street consensus stands at...
The Australian dollar continues to have a relatively quiet week. Currently, the pair is trading at 0.7609, up 0.18% on the day. Australia's retail sales were a major disappointment in February, as the interim report came in at -1.1%, much worse than the street consensus of +0.6%. The final February release (Thursday 12:30 GMT) is projected to show an identical...
This chart breaks the DXY down to it's individual components and examines each currency pair individually. In addition, the DXY itself is depicted as an area line at the bottom of the chart to give a more comprehensive feel for its movement. There has been a confluence of the US treasuries selling off (pushing rates higher) while the opposite is occurring in...
The euro continues to head south in Wednesday trading. Currently, EUR/USD is trading at 1.1828, down 0.17% on the day. Just four weeks ago, EUR/USD was basking above the 122 level and looking strong against the US dollar. Fast forward to the present, and the euro is struggling to keep above the 1.18 level as its trades at its lowest level since November 23rd....
The Japanese yen is almost unchanged in the Monday session. Currently, USD/JPY is trading at 108.74, down 0.09% on the day. The Japanese yen remains vulnerable and the symbolic 109 level is under strong pressure. The dollar has had its way with the yen in 2021, as USD/JPY has jumped 5.5% this year. Last week, the pair climbed to 109.36, its highest level since...
We are watching a capitulation of long dated bonds in real time. Today's huge gap down of -2% breaking last week's lows is actually perfectly in line with TLT seasonality for the past 16 years. This is no coincidence as the March 2009 - March 2010 sequence in bonds is very similar to the March 2020 - March 2021 sequence. The Q1 FOMC in the 3rd week is usually a...
Tuesday's 3-year notes auction, Wednesday's 10-year notes auction, and Thursday's 30-year bond sale are 3 of the most closely watched auction that will be happening this week due to the recent focus on bond yields which have been a key driver of stock movements. We saw that on Tuesday, the $58 billion auction in 3-year notes was well-received, attracting demand...
Amid rising concerns on inflation, today's release of Consumer Price Index (CPI) data for February is among the most anticipated event of the month. The CPI acts as a gauge for inflation, where it measures the average change in prices over time that consumers pay for a basket of goods and services. The CPI data vs Analysts' estimates is as follows, CPI: 0.4% vs...
After experiencing a sharp spike in the 10-year Treasury yield last month due to an unexpectedly weak demand of a US$62 billion 7-year notes auction, today marked the start of a crucial bond auction week that will test the condition of the bond market. This week's schedule is as follows, Tuesday: $58 billion auction in 3-year notes Wednesday: $38 billion auction...
The Japanese yen has started the week with considerable losses. Currently, USD/JPY is trading at 108.82, up 0.51% on the day. The yen's woes continue, as the US dollar continues to beat up on the Japanese currency. USD/JPY has jumped 5.6% since January 1 and is pressing on the 109 line, which has held since June 2020. The catalyst behind the recent strength of...
These will easily outperform US (and probably global) equities by a very wide margin! (3%-5% annually) - And so will the 10-year Notes, and the T-Bills, and ... Bet on it! (Inflation expectations = waiting for the Tooth Fairy) ... and when the head o JP Morgan Chase says; "I wouldn't touch 30- year treasuries!" ... You know it's time to load up!
Still think the fundamentals for bitcoin are incredibly bullish: Miners: Outflows - Bearish Miners still depositing to exchanges - Bearish BTC Whales: Reserves Increasing - Bullish Transferring BTC off exchanges - Bullish Institutions: Still a narrative of corporations acquiring BTC in leu of traditional treasury assets - like treasuries ...