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Hedge_Of_The_World

10Y Yield Looking Strong After a Weak 20Y Auction

Long
US Government Bonds 10 YR Yield (TVC:US10Y)  
Hedge_Of_The_World Updated   
TVC:US10Y   US Government Bonds 10 YR Yield
Trend Analysis Chart Patterns Technical Indicators 10y 10yr rates SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) UVXY VXX yields
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trendanalysis chartpattern indicator 10y 10yr rates spy spx spx500 uvxy vxx yields
If I were a betting man, I'd say the 10Y yield looks poised to test 1.20% as early as this week. A weak 20Y auction which saw $24 Billion in demand at a significantly higher yield than December, could be indicating weakness in the bond market.
Comment:
Will we see a retest of the 21 day EMA before another leg up? Maybe. In that case we may see the spike in yields next week. Let's see how the week shapes up. Jobless claims tomorrow and 845k claims expected. Last week we saw 965k...

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