One of the hot topics in the market recently has been the rising bond yields. The US Government Bond 10 year yield traded this week inside a Zone that has formerly been (from 2011 to 2019) a long-term Support level as clearly illustrated on the chart.
With the RSI on the 1W time-frame also entering its Resistance Zone (holding since 1996) and the MACD approaching its own, can this mean that the US10Y has topped? It is not impossible that what used to be a Support Zone, will now turn into a Resistance.
What do you think?
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Interesting, this would need to go down unless the government wants to lose control
jojofang0901
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Yup 👍 an area to watch for price development, thx
GoldEW
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Agreed ") I should go down anytime soon :)
harveybains146
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Fed bond markets in trouble
Yesterday the Fed's interwire banking system for brokering bonds broke down for a while yesterday. This has happened several times but is always covered up. In 1974 a German back nearly collapsed because it lost track of its trades.
This explains the massive jump in yields yesterday. This is currently being mentioned in the press.
So this is now another risk for March/April climax.