US10yr Yield...ready for a breather

Feb 21, 2022

The latest upswing in US10yr yields seems to be ready to take a breather supported by technicals and the geopolitical situation. Rates broke to the upside of the triangle (purple) a few weeks ago and have reached the projected ideal target in the 2.02% area while looking a bit streteched in the short term (Stoch RSI) and TD Sequential. This, plus the geopolitical risk off situation in Ukraine makes us think that we will see a move lower in yields at least to the breakout line (1.69%) or even to the the 50wk ma (1.54%) area which could signify a false break and open the door for further moves lower. We will revisit in due time.

Mar 4, 2022

Note

As we suggested 2 weeks ago. 10yr yields have move lower to 1.68% reaching our target of 1.69%.