The Federal Reserve Bank of the US meeting this week,
will highlight important price changes in interest rates.
10 Year Yield's TNX as shown
are currently on a Red Bar Breakdown,on the Line/Break Chart
in advance of this important policy meeting by the Fed.
Analysis shows that a break of very important chart support at 255.4 %,
would immediately target an...
TNX 10 Year Long Term Interest Rates topped in early Dec.2018, near 3.25 %,
when the majority thought the 10 year yield could reach back to 4 % this year.
Bond Trader's saw something dark on the horizon that forced the Fed's hand,
in Jan.2019, with the Fed' change to now "patient" on further rate increase this year.
They had planned two more .25 % rate increases...
It appears the bear market in rates may have bottomed, but I'm not seeing a continued move higher until after a retracement. Looks to me rates will once again decline, but not below the all time lows, before heading much higher over the coming years.
37 year treasury bull run broken? I think so.
200 MA on MONTHLY resistance for now on 10 year rates.
Expect some consolidation or pull-back,
then China could continue it's dumping of US treasuries to drive rates up.
It is my opinion that bonds are going to be sold off in the coming month as countries race to dump the US treasuries that they hold. The stock market is negatively effected when the bond yields increase. When the 10 year bond yield reaches 3.25% and beyond we are at risk of a massive bond sell off. This sell off in bonds will cripple the stock market and a plunge...