Wed. Jan 19th, 2022

10Yr is gearing up for a breakup this week.

We have a great week in the financial markets and the bond market and currencies are consolidating. Specifically, the 10YR has been developing a consolidation of triangles over the past two months, and while we are operating below 200 dma (which we rejected all last week), the risk may be that we will go down (higher yields) as that we head to the key event for the week, the Jackson Hole Symposium. If FOMC members and President Powell give us a more hawkish tone, we could see bonds shrink and yields rise in the coming days. A step above 200 dma from here would be very bullish for the bond market.

The post Chart of the Day – 10-Year Futures of the T-Note – (August 24, 2021) first appeared on ForexAnalytix – Blog.

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