HALISTER1: Treasury 2-Year Yield Breaching 2016 Downtrend: Charts

Treasury 2-Year Yield Breaching 2016 Downtrend: Charts

(Bloomberg) -- Declining path for 2-year Treasury yields since late December is being challenged as investors consider implications of strong ISM data and a live Fed meeting in November, Bloomberg strategist Mark Cranfield writes.
  • Yield above 200-DMA and breaking out of this year’s consolidation pattern marked with downtrend line at 0.81%; click here for chart
  • Momentum studies turning higher
    • MACD above signal and zero lines
    • Slow stochastics %K at 68; Williams %R -16
  • 2-year yield closed yesterday up 1 bp at 0.836%
  • Fed’s Fischer sees reasons to worry about ultra-low rates; story here
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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