US 10YR yields approaching symmetrical triangle formation
Key Pivot to reach Apex which would result in Breakout is around US Election period.(Nov start)
1) Election Outcome favourable and CPI under control (fed cuts) - Yields drop further
2) Election outcome not favourable & CPI under Control - Yields to move up in medium term (above 4.467% level) & throwback to apex.
3) Election outcome favorable & CPI increases - Yields to move down in medium term below 4.467% & pullback to apex level.
1) Election Outcome favourable and CPI under control (fed cuts) - Yields drop further
2) Election outcome not favourable & CPI under Control - Yields to move up in medium term (above 4.467% level) & throwback to apex.
3) Election outcome favorable & CPI increases - Yields to move down in medium term below 4.467% & pullback to apex level.
Comment:
Long Bonds and Short Interest Rate products