The US 30-year yield faces a major hurdle at 2.95 percent, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets, though he expects this level will eventually be cleared.
Despite regional concerns centred around North Korea’s missile testing, flows into China Bond Funds have hit a 48-week high, says Cameron Brandt, Director of Research at fund flows research house, EPFR Global.
The US 10 year note appears to have completed a four-month corrective bounce and the risk is now to the downside, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
A series of bearish long-term trend reversals have been triggered on Gilts, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
The combination of tighter monetary policy by the Fed and accommodative policies overseas suggests the US yield curve should flatten further, says Ari Wald, Technical Analyst at Oppenheimer.
The US yield curve should flatten over the coming months as both the 2- and 5-year US Treasury yield continue higher compared to the 10- and 30-year, according to Ari Wald, Technical Analyst at Oppenheimer.
A chart of the 10-year yield spread between Italy and the US is developing a pattern that suggests buyers are gaining strength, according to Estêvão Oliveira, Head of Technical Strategy at Haitong Bank.
A multi-decade downward trend in US yields may be about to break, according to Peter Lee, Chief Technical Strategist at UBS in New York.
Short-term tops have been confirmed for both yields and the USD, according to George Davis at RBC Capital Markets.
A large price move is due on Eurodollar futures, says James Dima, technical analyst at Marex Spectron.