UST 10-Yr Yield May Eye 2.00% if Fed Speeches Hawkish: Charts
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- 10-year Treasury yield may rise toward 200-DMA around 2.00% near term if speeches from Fed’s Fischer and Dudley today back case for a rate hike as soon as June following hawkish FOMC minutes overnight, Bloomberg strategist Mark Cranfield writes.
Alert: HALISTER1- 10-year yield breached 50-DMA at 1.822% yesterday; click here for chart
- Momentum studies bullish:
- MACD above signal line rising toward zero
- Slow stochastics %K at 65, Williams %R at -5
- 10-year yield up 2 bps to 1.877%, last touched 2.00% in late Jan.
- Fed Funds futures pricing 32% chance of June rate hike vs 12% before FOMC minutes last night
- 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.
Source: BFW (Bloomberg First Word)
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UUID: 7947283