US 5Y and 10Y - So the FED saved the day
Left chart is 10Y, right panel is 5Y T-Note daily chart
The rather dovish FED minutes saved US bonds yesterday once again
- Ichimoku setup is neutral, Price is at Kumo, Chikou Span hits Price candles.
- Yesterday Heikin Ashi candles had smaller bod with both upper and lower wicks. Today candle is green. haDelta up above SMA3, trying to cross back above zero line
- Bullish trend channel holds
As yields are extreme low globally, why should the US bond yields increase? OK, there was some fear of a 25-75 bps hike before, but as the minutes suggests, FED is likely to start hikes later only... if they hike at all this year.
Suggestion is re-buy US bonds (and/or futures) in line with the trend. Increase longs on further Ichimoku buy signals later. Stops below 127 and 119 levels
The rather dovish FED minutes saved US bonds yesterday once again
- Ichimoku setup is neutral, Price is at Kumo, Chikou Span hits Price candles.
- Yesterday Heikin Ashi candles had smaller bod with both upper and lower wicks. Today candle is green. haDelta up above SMA3, trying to cross back above zero line
- Bullish trend channel holds
As yields are extreme low globally, why should the US bond yields increase? OK, there was some fear of a 25-75 bps hike before, but as the minutes suggests, FED is likely to start hikes later only... if they hike at all this year.
Suggestion is re-buy US bonds (and/or futures) in line with the trend. Increase longs on further Ichimoku buy signals later. Stops below 127 and 119 levels