28 November 2023
US10YT is on an undeniable downtrend, unable to pass MA20 Resistance at a 4.512% yield and has now turned around to break below MA10 Support / 4.439% yield. ADVISE: HOLD, wait for yield bottoming first; BUY ON WEAKNESS.
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27 November 2023
Investors watched the start of the seasonal shopping season for signs of consumer resiliency. U.S. 10-year Treasury yields, which set the tone for borrowing costs worldwide, rose to 4.485%.
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24 November 2023
U.S. traders were eyeing their Thanksgiving meals rather than dealing, while in Asia overnight the focus had been signs of more help coming for China's long-suffering property market.
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23 November 2023
US MARKETS: Economic data mentioning Initial Jobless Claims, Durable Goods Order, and consumer sentiment from the Univ. of Michigan essentially view the economy as slightly weakening but still strong enough to avoid recession.
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22 November 2023
US10YT is expected to continue to drop until the target bottom at 4.309% yield; the result of the PARALLEL CHANNEL uptrend pattern that has been broken. Support from previous low level that will be tested soon: 4.381% yield. Nearest Resistance: MA10 or 4.505% yield. ADVISE: reduce position.
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