US02Y trade ideas
Keep an eye on rates!!I am looking for a bear steepner at this time. Keep an eye on 10y yields. We may see kumo breakout soon. This will impact a few things.
For more details:
Please visit my blog
chartsonmac.wordpress.com. You can send an email there as well if you want me to post something.
Thanks,
Comparing US02Y vs US10YBy decrementing US10Y from US02Y we see the actual breakout so to speak.
Volatile. Already touched the previous Global Resistance with a huge spike and most likely next 2 to 3 years are going to be volatile as well coming to an end around Nov 2021 - the point that looks pretty similar to what we already saw in 1991 | 2001 | 2008 and notice since 2008 the move down wasn't that significant comparing to the previous two(1991-1993 and 2001-2003) thank's to US QE I guess? We might actually end this trend or maybe just maybe from 2021 to 2023 going below the ZERO which you can comment the possibility of that happens and how do you prepare yourself ;-)
According to this time analysis in Nov 2021 "the disaster" is going to be at the peak.
Rate cut on PointFED with no other choice but to cut rates as predicted a few weeks ago. This was no coincidence and perfectly plays into the recession scenario.
Cutting rates with the fully loaded balance sheet is a very precarious task and markets are bound to become increasingly unstable Because of the insanely high uncertainty when it comes to monetary policy.
Long on bonds with tanking yields, Short global markets
3.015 is the only level in play for 2 year yields...It is very clear from the monthly chart here that this has been an uptrend for some time now. The 2 year yields have started to see some widely anticipated profit taking just shy of the 2.618 extended target for the 3rd wave.
The market has since retraced and held the 23.6% in a corrective 4th wave process.
Time to start paying attention to yields again for 2019.