1) Due to the zig-zag nature of the yield values, historically, it seems proper to use Elliott-waves.
2) There was a rate-hike environment in the past which seems similar to the current price action. Coincidentally the wave 5 drop corresponds to the year 2020; 2020 is the year many talking heads are calling for a US recession.
3) In recent years bonds and stocks have rallied in tandem, however, which means a recession isn't necessarily the only way to arrive at the 5th wave. A powerful US economy and continuation of recent co-variance could also push yields lower.
4) I do not believe the well-establish downward trend will be broken, and lower yields are likely to exist post 2020.
2) There was a rate-hike environment in the past which seems similar to the current price action. Coincidentally the wave 5 drop corresponds to the year 2020; 2020 is the year many talking heads are calling for a US recession.
3) In recent years bonds and stocks have rallied in tandem, however, which means a recession isn't necessarily the only way to arrive at the 5th wave. A powerful US economy and continuation of recent co-variance could also push yields lower.
4) I do not believe the well-establish downward trend will be broken, and lower yields are likely to exist post 2020.
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.