(US10Y) Attempts to reverse the long term downtrend
US10Y) US Government 10yr yield bonds attempt to reverse the long term downtrend around July 2016 lows at 1.445. The US10Y bonds have been on this downtrend trail since it collapsed around mid-November 2018 at 3.00.
The 10yr bonds have breached the short term band at 1.605 and were at 1.648 at the time of writing up 5.43%. The 10yr bonds need to remain above 1.605 to continue to its next challenge at 1.710. The support level is estimated at 1.495 and 1.445
The 10yr bonds have breached the short term band at 1.605 and were at 1.648 at the time of writing up 5.43%. The 10yr bonds need to remain above 1.605 to continue to its next challenge at 1.710. The support level is estimated at 1.495 and 1.445