US government ten-year yield bonds on a free fall down -16.49%
The US government ten-year yield bonds closed its last session on Friday at 0.767 down -16.49% after reaching the bottom of the longterm price channel on the daily chart.
Bond prices have been on a free fall since breaching the support level at 1.440 on the 25th of Feb 2020. In last Friday's session, we saw prices went as low as 0.650 before pulling up towards the end of the session to close around the bottom of the longterm price channel as marked on the chart.
Bond prices could continue further down to around 0.522 in the upcoming sessions or bounce at the bottom of the price channel at approximately 0.841 and head back to 1.314
Bond prices have been on a free fall since breaching the support level at 1.440 on the 25th of Feb 2020. In last Friday's session, we saw prices went as low as 0.650 before pulling up towards the end of the session to close around the bottom of the longterm price channel as marked on the chart.
Bond prices could continue further down to around 0.522 in the upcoming sessions or bounce at the bottom of the price channel at approximately 0.841 and head back to 1.314