The yield now trades at the upper boundary of a 2 standard deviation 50-day linear regression trend channel, reflecting a high bullish momentum/approaching overbought condition. This follows the previous oversold condition discussed on 19 July where the yield traded at the lower boundary of the 2SD 50-Day linear regression trend channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.