Looks like investors are buying up Treasury bonds as the 10 year yield falls below 2% again.
Bonds prices move inversely to yields, as bond prices rise yields fall and if bonds sell of yields rise.
Investors are said to be Risk off when bond prices rise, as demand for us debt rises during risk off sentiment.
When bond yields fall it also causes stocks to rise...
It shows how historical events negatively impacted the US Y10 Bond, apart from the QE programmes, G8 meeting, Interest Rate Hike and others which raised this bond but could not be able to bullishly break out any resistance levels.
US10Y long. Future forecasts for dollar interest rates may rise further. The US10Y exchange rate may start the second wave of a triple ascending wave structure. A D1 ATR axle rising, the second wave top being 3.16% environment. Then, we wait for correction again before reaching the third wave periodus whose top is 3.42%.
Just updated trading scenario from a month ago (yields at 3% looking for top 3.10-3.20% zone, actual high 3.13%). Recent fall in yields potentially only the first leg lower in a larger drop. Possible H+S top pattern in play on break and close below 2.75% could easily see sub 2.50% and perhaps 2.35% area despite FED next week (expecting +25bps) which should lead to...
10-year yield curve US-German comparison. The comparison aims at further understanding the EURUSD track. The DE10Y yield curve shows that the decreasing correction structure (red line) is shorter. But it can also be seen that the size of the fractals (green wave) before them is getting smaller. It can have two consequences. The first is that a drop in yields is...
It still looks to me like we have more room on the upside for US 10y yields (bond prices lower) short term. FED tonight probably a wash but a hike in June is locked in currently so expect yields to rise over coming days/weeks until something changes.
US10Y is watching the world now. The exchange rate is in the form of a downward correction and a double rising waveform. The bottom of the current correction is 3,013 The current waveform (BC) can be of a similar size to the predecessor first wave structure (0A). If the technical identification is correct, the (BC) wave structure target price is 3.289
triple top, key resistance, high volume target at the 50% fib following the strong rally and break of channel.
pullback to 50% would be a nice return to volume area following an anticipated sustained rejection at resistance currently.