My updated comment on the client group on Thursday afternoon:
US 10-Year Bond Yield (US10Y)
Possibly (in my view) one of the most important charts for any trader/investor.
Strong upside follow-through from (1) rising trend line and (2) bull flag technical formation. Big bounce off 2.50% to hit a high of 3.29% today.
The rise in yield has coincided with the drop in equities.
Technically: Now, extended slightly extended as it trades at the upper boundary (2 standard deviations) over 50 days, thus a minor retracement wouldn't be unexpected.
Fundamentally, the commitment from the US Federal Reserve could keep yields elevated over the medium term.
US 10-Year Bond Yield (US10Y)
Possibly (in my view) one of the most important charts for any trader/investor.
Strong upside follow-through from (1) rising trend line and (2) bull flag technical formation. Big bounce off 2.50% to hit a high of 3.29% today.
The rise in yield has coincided with the drop in equities.
Technically: Now, extended slightly extended as it trades at the upper boundary (2 standard deviations) over 50 days, thus a minor retracement wouldn't be unexpected.
Fundamentally, the commitment from the US Federal Reserve could keep yields elevated over the medium term.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.