10-Year Yield close to a major brakeaway

21.02.2019 / 22:13

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The yield on 10-year government bonds is up 4 basis points today to 2.686%. This is a relatively large movement and comes despite the decline in US markets.

The price action signal today is because of the Fed, who commented that they may be a bit more aggressive if the US and China reach a trade deal.

On the chart, the fall of November is entirely due to the Fed's passivity and the fears of recession or slowing growth.

Technically, the February model is a triple bottom at 2.61%, but after December, a downward trend has been formed, which was drilled today. We are now at a stage where there will be a break up or down and I advise to keep track of developments because the results will be critical to many asset classes.

Trader Aleksandar Kumanov

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10-Year Yield close to a major brakeaway

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