US30Y trade ideas
US 30 YR AT KEY LEVELLooking at 30 year UST yields key levels are at 2.2% and 2.4% on the weekly chart.
Break and close above 2.4% could indicate we have bottomed, but close below 2.2% and we're probably heading lower, meaning the rally in yields (sell-off in bonds) was a retracement of the heavy buying buying before the rally in treasuries continues.
On the fly...For those tracking the latest round of Fixed Income chart updates we have the final leg to the stool ahead right on time for NY. You will notice that on the back-end of the curve there is loud messages of a meaningful top being placed. The technical breakdown is indicating that we have another round of flattening towards key support at 32bps.
For the Chartpack today we have...
US 2s5s Curve :
US 2s10s Curve :
US 2s5s Curve:
The maps are crystal clear for US10Y Yields:
Highly recommend all those tracking Fixed Income to make note of the 2s5s10s and 2s5s30s " Fly " both breaking out with markets positioning ahead for 2020. Thanks for keeping all the support coming with likes, comments, charts, questions and etc! Best of luck those tracking for the end of the cycle and Fixed Income.
US30 - DAILY CHARTHi, today we are going to talk about us30 and its current landscape.
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US30 Analysis October 30, 2019We see prices operating strongly within support and resistance key levels 97'13'1 and 107'28,9 respectively. We see the market looking to form Double Bottom on the daily timeframe. Looking for a change from bearish at 97'13'1 setting our target for a buy to 105'00'0 with Trailing Stops to 107'00'00.