The yield looks set to test the expanding channel formation resistance seen around 0.55% as the RSI is yet to hit the overbought territory, although a pull back to 0.393% (Feb 15 high) cannot be ruled out given the loss of bullish momentum as highlighted by the daily MACD.
US Oil prices and the 2-year treasury yield correlation has been strong ever since Trump won the elections. But from late Feb, the two have been moving in the opposite directions. The reason is quite clear - markets positioned for a March rate hike... given the hawkish talk from the Fed officials. The question now is will the yields follow oil prices? It all...
German 10-yr Bund prices dropped to rising trend line support coming from June low and July low. Prices are attempting a rebound form the rising trend line support and the odds of a solid rebound are high, if we take into consideration the bullish price RSI divergence on the hourly and 4-hr chart. Even the MACD is suggesting the bearish momentum has run out of...
Bank of Japan (BOJ) is likely to overshadow next week’s FOMC rate decision, said Marc Ostwald, Strategist at AMD Investor Services International on today’s finance show. Ostwald focused more on BOJ and explained the reasons for the recent steepening of the bond yield curve and its impact on the financial markets. Watch the segment with Marc Ostwald here –...