UST 10Y yield on a climb towards 2%
I don't trade Treasuries but it's important to keep track of the yield, especially for the USD and if you trade xxx/jpy crosses. The 10 year yield is currently hammering out a complex pattern as wave b in a larger correction, where the last sub wave is expected to reach the 2% area, maybe slightly below, maybe slightly above, before it heads down towards the zero bound - if my count is correct. I expect that to be reached around the 2021/22 change but possibly it will take longer.
Nota
It looks like Tradingview has a bug of some kind as it doesn't honer to publish a single chart when you use a multi frame setup, like 4 in this case. So here is the single chart this idea is about.Nota
UST10Y yield seems to have completed 5 smaller sub waves up here on 1h as wave 1, so maybe 3 waves drop back in to lows of wave iv as 2 before even higher rates materialize.Nota
Rates falling as a result of the latest Covid scare, but be aware of the potential for a brutal turnaround once the present H&S patter has played out.Nota
Solid impulsive move in UST 10Y yield, should reach 1.70 at least but probably higher still. Nothing moves in a strait line though so we may need to give it some time.
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.
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.