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US 10 year Notes

16 Apr 2021 ‚óŹ 07:14 AM

US bond prices bounced sharply, a much-awaited event. For the first time since December, we are above the 40dema. I think a bottom is in place for a while. A rally or consolidation pattern will follow before we get another downtrend. Will watch the structure of the rise to tell. But the pressure should be off for a few months. Meaning bond yields will not be rising anytime soon again. 9% represents the readings of the Daily Sentiment index where 91% of traders were bearish on bond prices.

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