The Monthly TNX Chart, the 10 Year US Treasury Bond shown here,
reveals long term interest rates may be close to bottoming,
despite the hysteria going on in the marketplace,
that somehow rates are headed to zero here in the US
Stochastic Monthly Indicator on TNX
is now as deeply oversold as you will see on the chart for the last 7 years,
and looks ready to cross to the upside and give a Buy Signal on Yield.
That could mean lower bond prices ahead after the recent almost parabolic rise of the last year.
What troubles the bond market may know or think it knows
about future economic growth or credit crisis's out there
have been consistently priced in as bond prices have risen.
However it is also apparent from a reading of this chart,
that the chance of any major banking or credit crisis looming out there,
may now have already been fully priced in, perhaps even baked into bond market prices..
The bond market thus seems very near an intermediate, and potential long term top.
.
Recommendation :
Short Long Term Bond's
10, 20, and 30 Year Yields
10 Year TNX Last 1.73 %
Target Minimum 2.00 %
THE_UNWIND
8/10/19
NEW YORK
reveals long term interest rates may be close to bottoming,
despite the hysteria going on in the marketplace,
that somehow rates are headed to zero here in the US
Stochastic Monthly Indicator on TNX
is now as deeply oversold as you will see on the chart for the last 7 years,
and looks ready to cross to the upside and give a Buy Signal on Yield.
That could mean lower bond prices ahead after the recent almost parabolic rise of the last year.
What troubles the bond market may know or think it knows
about future economic growth or credit crisis's out there
have been consistently priced in as bond prices have risen.
However it is also apparent from a reading of this chart,
that the chance of any major banking or credit crisis looming out there,
may now have already been fully priced in, perhaps even baked into bond market prices..
The bond market thus seems very near an intermediate, and potential long term top.
.
Recommendation :
Short Long Term Bond's
10, 20, and 30 Year Yields
10 Year TNX Last 1.73 %
Target Minimum 2.00 %
THE_UNWIND
8/10/19
NEW YORK
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.