US10Y Expecting a bullish reversal at the bottom.

19 ביולי

The U.S. Government Bonds 10 YR Yield (US10Y) initially expanded but then took a breather on the new Bullish Leg, as per our January 24 (see chart below) buy signal, before hitting our Target:

The price is now approaching the bottom of the 2-year Channel Up yet again and by next week a 1D Death Cross will be completed. The 2 previous such formations within the Channel Up, have both been made right on its Higher Lows.

As a result, we consider this a great bullish opportunity for the medium-term. Our Target is intact at 5.000%.

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