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

Comments

The ten year treasury skating on thin ice

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Direction and Purpose

This blog will be periodically updated to give debt issuers and debt investors a technical perspective of the United States treasury market. Yield curve flucuations and individual treasury tenor market movements will be analyzed. Debt instruments outside the U.S. treasury market will be commented on as it is seen fit. This author's technical analysis shows that the capital markets are getting very close to a major trend change. I have been a student of the capital markets since 1973.

Interest Rate Salmagundi and Technical Perspectives

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