Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

Are The US 10-year Bond Yields Going To Increase!? | Saxo Bank

Are The US 10-year Bond Yields Going To Increase!? | Saxo Bank| FXMAG.COM
Aa
Share
facebook
twitter
linkedin

The US 10-year Treasury Note future
The breakout following the inverted Shoulder-Head-Shoulder like pattern didn’t have much power to run forming a Doji Evening like top and reversal pattern resulting in a Pull back to test the Neckline from the upper side.
If the future closes below the neckline the S-H-S has been busted and bear trend is likely to resume. The bearish picture is confirmed if the Future closes below 118 16/32.
RSI was rejected at the 60 threshold supporting the bearish scenario is likely to unfold.are the us 10 year bond yields going to increase saxo bank grafika numer 1are the us 10 year bond yields going to increase saxo bank grafika numer 1Source: Saxo Group

Obviously the identical (opposite) picture in US 10-year yields. Yields do not seem to be able to close below support at around 2.71. If yields close the day above the Neckline followed by taking out the right Shoulder at 3.03 the S-H-S scenario is demolished, and a test of May peaks will be in the cards. 
For Yields to resume short term bearish trend 2.70 needs to be taken outare the us 10 year bond yields going to increase saxo bank grafika numer 2are the us 10 year bond yields going to increase saxo bank grafika numer 2Source: Saxo Group


Kim Cramer Larsson

Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.


Topics

Advertising
Advertising