Ten year treasury yields set to pop?
Posted on Tuesday, June 10th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Declan Fallon (http://www.zignalsblog.blogspot.com) -
The ten-year tresury yield, like the indices, is knocking around an important juncture which will likely set the tone for the rest of the year. The 200-day MA has contained a higher run, but converged support of the 20-day MA and the January-March double bottom is angling to push the yield higher.
There is good technical support in the ADX and stochastics, but the MACD trigger line has flat-lined throughout May.
Given the technical picture, the future outlook favors higher yields and lower bond prices.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
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 About Declan Fallon (http://www.zignalsblog.blogspot.com)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website. It's our job at Zignals to give market participants all the information they need to make informed decisions; both fundamental and technical. |
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