10yy 'neckline' SUPP 1.67/705% then 1.775/82% and resistance @ 1.62/61%
thebondbeat.substack.com
Technical levels to watch 10yy for those trying to play along and follow the bouncing ball. These from a Swiss shop that had a ‘Beantown’ affiliation, …Chart of the Day: … and from a shorter-term perspective, US 10yr Bond Yields have surged higher since the start of the year, seemingly driven by renewed confidence in the economic outlook as the evidence grows that the Omicron variant is less severe. Since December 29th , when yields started accelerating higher, the move has been predominately been driven by Real Yields, after the recent move higher in inflation expectations stalled, as well as by curve steepening as terminal rate pricing finally rises. All this leaves 10yr US Bond Yields right in the midst of a key medium-term support zone at 1.67/705%, which is the “neckline” to a 3-year basing structure and the October/November range highs. Our bias is for a direct move above here to finally complete the aforementioned base and then for a quick move to the next major support zone between 1.775% and 1.82%. Short-term intraday resistance moves to 1.62/61%.
10yy 'neckline' SUPP 1.67/705% then 1.775/82% and resistance @ 1.62/61%
10yy 'neckline' SUPP 1.67/705% then 1.775/82…
10yy 'neckline' SUPP 1.67/705% then 1.775/82% and resistance @ 1.62/61%
Technical levels to watch 10yy for those trying to play along and follow the bouncing ball. These from a Swiss shop that had a ‘Beantown’ affiliation, …Chart of the Day: … and from a shorter-term perspective, US 10yr Bond Yields have surged higher since the start of the year, seemingly driven by renewed confidence in the economic outlook as the evidence grows that the Omicron variant is less severe. Since December 29th , when yields started accelerating higher, the move has been predominately been driven by Real Yields, after the recent move higher in inflation expectations stalled, as well as by curve steepening as terminal rate pricing finally rises. All this leaves 10yr US Bond Yields right in the midst of a key medium-term support zone at 1.67/705%, which is the “neckline” to a 3-year basing structure and the October/November range highs. Our bias is for a direct move above here to finally complete the aforementioned base and then for a quick move to the next major support zone between 1.775% and 1.82%. Short-term intraday resistance moves to 1.62/61%.