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Showing posts from February, 2019

Bull 10 yr. tsy. has toggled to neutral.

Greetings to the sidelined tsy bears.... Today's close in the March 10 year futures has toggled my system from bullish to a stand-aside stance. The trigger mark was for a close below 121-26.6. We've violated that level. This trigger only takes us out of a bull mode. We need a daily close below 121-12.5 to trigger a short position. My gut feel is that the 10 year futures will hold together and still manage one more swing up to the 122-09.5 zone before they roll over and begin a bear trend. The longer term technical indicators for the 10 year tsy. futures has a bearish overtone. all the best, Martin

The ten year treasury skating on thin ice

Greetings....I promise that spring will arrive some day... The winter doldrums can dull the senses to market activity. Hang on tight. As a generic factoid, there is approximately $100B of CMBS loans that come due from now thru the end of 2020....And 2020 is not that far out on the horizon. Deutsche Bank continues to be punished, ( perhaps well deserved?), by the marketplace as its funding costs weigh on this institutions' viability. A headline from late this afternoon states the the Fed says the US dollar may not retain its dominance...Throw in the fact that some public pensions have purchased cryptocurrency and that China continues as a rabid buyer of gold.... I'm not sure how this all shakes out...But I do know from a technical perspective that the 10 year US treasury futures are getting so very CLOSE to establishing a very important price peak. My longer term weekly and monthly indicators have tuned negative on the sector of the yield curve. For the short term, th...