US 10-yr bond yields have rallied recently, however expecting more downside on increasingly bearish weekly momentum..

in #bonds8 years ago

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Below is a weekly chart of US 10-year Bond yields.

US 10-yr bond yields have rallied off recent lows hitting TL S/R from 2015/16/17, however, weekly momentum is about to turn increasingly bearish on a Stochastic break below the 80.0 line. The yield dropping into the 2.20's could be sold as bearish weekly momentum would increase. A break below recent lows at 2.165 could continue to be sold as capitulation may occur below this level if reached shortly.

The MACD formed a bearish down-cross a few weeks ago with an expanding negative histogram. The histogram continues bearish expansion to the downside, however at a reduced rate to previously. The Stochastic formed bearish lower-high's throughout 2017 and is heading to become overbought (<80) shortly. Currently waiting for this signal and PA to confirm (see above). Continuing its bearish descent.

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US 10-yr Bond yields appear likely to roll-over on a breakdown below 2.165. Weekly momentum remains increasingly bearish..