ID10Y ends Pullback by falling from near-Resistance at 7.45%.
This is one of the characteristics of Pullback.
A pullback is also a confirmation that Downtrend is imminent.
I predict ID10Y will continue its Downtrend until it reaches 6.5%.
The spread between Indonesia Bond 10Yr with US Treasury 10Yr reached the highest level since the end of 2016. The spread is now at 5.8% wherein the beginning of 2018, the spread is only at 3.6% and 5.4% at the beginning of 2019.
The latest increase of the spread (since Jul'19) is caused by the falling of UST 10Yr at high speed (from 2.1% to 1.5% in just a...
Yield SUN10Yr berpotensi melanjutkan Tren Turun menuju 6.5% setelah Breakdown Support di 7.45%.
Kenaikan Yield di bulan awal April 2019 dari 7.45% menuju 8.2% terlihat sebagai Tech. Rebound yaitu kenaikan ditengah Downtrend (Tren Turun).
Oleh karena itu, dengan Breakdown Support di 7.45% yang terjadi dipertengahan Jun'19 lalu, Yield mengonfirmasi Tren Turun dari...