Analysing US 10-Year Yield Trends Ahead of Non-Farm Payroll DataI know we have non-farm payrolls tomorrow, but in my view, the US 10-year yield is telling a powerful story on the charts.
On the daily chart, the yield has broken into 2-month lows and fallen back below the 4.35% February peak, indicating potential near-term weakness.
The weekly chart shows a recent clear failure at the previous uptrend, suggesting that 4.74% was an interim peak. This implies we are likely to see short-term weakness.
Unless the market breaks above the recent high of 4.74%, I maintain my near- to short-term view that US 10-year yields are likely to slip back to their 20-month moving average at 4.05%.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
