Having just updated the ‘stack with equity techs which are based on 10yy WEEKLY yields and that following just hit inbox, I wanted to post for posterity sake. First, from the terminal (sans chart)
UST 10-Yr. Yield Hits 1.67%; Key Resistance Around 1.69%-1.70%
(Bloomberg) -- Intraday chart
Uptrend from August 2020 low; chart
Key resistance zone 1.69%-1.70% dating back to April; chart
On breakout above 1.70%, next potential focus 1.75% then 1.77%; chart
This was then chased into the inbox by the following CoTD focused a bit further out the curve,
US 30 Year Yield testing good resistance
The US 30-year yield rallied towards good resistance at 2.03-2.05% yesterday
A close above this range, if seen, suggests the potential for further gains towards next good resistance at 2.155%-2.18%
On the US 10-year yield good levels to watch stand at 1.68-1.70%
US 30-year yield testing good resistance
Clearly still looking thru my draws for a better crayon and goal-post moving equipment. It would seem to me that I’m not going to be alone in this effort and my only hesitation might be momentum which does appear to be a bit more overSOLD than in recent days … time at a price can resolve (ie SIDEWAYS MOVE into NFP) or a move back down a bit, somewhat mean-reverting.
They say all crayons are created equally but we KNOW some crayons are more equal than others … here’s visual on my dashboard
… to be continued