UnknownUnicorn5549

UnknownUnicorn5549

Factor in Perpetual debt ceiling can kicking. Janet Yellin appointment. S&P 500 at lofty levels. Up coming weakened economic stats due to Gov. shutdown. Lack of good alternatives for money to flee safely. Could build a reasonable case for some downside on Treasury yields at least for a few weeks if we get a break of neckline.

UnknownUnicorn5549

Short Term Treasuries could see a bit of a bounce. Support on Fib. levels and Horizontals around around 2.04-2.30% in 10 yr. Yields could be shorted with reasonable Risk:Reward

UnknownUnicorn5549

RSI in oversold territory and Diverging. Stochastic has given buy signal. MacD histogram losing a bit of downside momentum. Daily chart offering a decent Risk:Reward for a short term correction on the new crop corn.