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ArisopeCapital

US30Y - The technical pattern is in a powerful breakout

Long
US 30Y yield (TVC:US30Y)  
ArisopeCapital Updated   
TVC:US30Y   US 30Y yield
Trend Analysis Chart Patterns bondmarkets USDJPY bankstocks
8
5
trendanalysis chartpattern bondmarkets usdjpy bankstocks
30Y have benefited from rotational flows out of the S/T part of the curve into longer dated, Technically speaking the 30Y has broken out of downward trend and is indicating a strong upside move, with a first target around 3.71/3.75% by next month.
Trade closed: target reached:
Profit take here
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