Chart of the Day: US10Y Weekly
For someone who has been professionally and personally overweight long duration UST bonds since Oct'2018, today's Chart of the Day is a reminder to take a deep breath and consider the possibility that Black Monday 2020 might not be the end of the world, yet.
This is the inverse of the
ZN1! chart I posted yesterday and despite the massive 1-day relative outperformance of UST vs. equities, we have not broken anything, yet. So keep your knickers on and take a deep breath.
If you had the right asset allocation from day 1, you would have slept well. If you had been chasing momo, well, it is too late to panic now.
By the way, neither did oil break the $50 handle and for now,
CL1! is holding at the 78.6% retracement zone.
This is the inverse of the
ZN1! chart I posted yesterday and despite the massive 1-day relative outperformance of UST vs. equities, we have not broken anything, yet. So keep your knickers on and take a deep breath. If you had the right asset allocation from day 1, you would have slept well. If you had been chasing momo, well, it is too late to panic now.
By the way, neither did oil break the $50 handle and for now,
CL1! is holding at the 78.6% retracement zone. 
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Related publications
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.