Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Technical Analysis

The past week’s price action and that seen overnight in the US cannot be ignored now that we have taken out important short-term levels on US yields.Higher yields should be seen in the short term which makes recent views of lower ‘real’ yields now look dubious, especially as Copper and Oil are both down.The setup on US 10-year yield argues for a test of 1.50% ahead which will likely steepen the curve from here. With that in mind, the breaks on S&amp;P Banks and Financials Indices both look good.

The past week’s price action and that seen overnight in the US cannot be ignored now that we have taken out important short-term levels on US yields.Higher yields should be seen in the short term which makes recent views of lower ‘real’ yields now look dubious, especially as Copper and Oil are both down.The setup on US 10-year yield argues for a test of 1.50% ahead which will likely steepen the curve from here. With that in mind, the breaks on S&amp;P Banks and Financials Indices both look good.

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Thomas Schroeder

Chart based progressive global trading strategies

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US 10yr made a significant turn in yield with a dual low near our 1.13% undershoot target of 1.18%. This yield turn targets 1.50% resistance but above this level would unleash a much bigger move, siding with stronger inflation prints going forward.Above 1.50% would be a game changer and shift the trend in favor of new yield highs above March levels.Higher yields will provide fuel for the next USD rally phase to DXY 94, pressure EM and Asian FX and the equity cycle and favor banking sectors and linked assets that perform in a rising rate environment.

US 10yr made a significant turn in yield with a dual low near our 1.13% undershoot target of 1.18%. This yield turn targets 1.50% resistance but above this level would unleash a much bigger move, siding with stronger inflation prints going forward.Above 1.50% would be a game changer and shift the trend in favor of new yield highs above March levels.Higher yields will provide fuel for the next USD rally phase to DXY 94, pressure EM and Asian FX and the equity cycle and favor banking sectors and linked assets that perform in a rising rate environment.

This note looks at the chart of US 10 year yield and draws two, very different, conclusions on different horizons; slightly lower yields first as we hit key levels but then much higher yields to come down the line

This note looks at the chart of US 10 year yield and draws two, very different, conclusions on different horizons; slightly lower yields first as we hit key levels but then much higher yields to come down the line

US 10Y Yield - 1 Step Back, 2 Steps Forward

US 10Y (USGG10YR INDEX)

Near Term Break on US Yields

The move through key levels on US 10 year yield should be respected in the near term. Steeper curves should support Banks and financials

Shyam Devani

Bond Inflation Inflection

US 10yr made a significant turn in yield with a1.13% dual low. This yield turn targets 1.50%, above this would induce bigger move, siding with...

Thomas Schroeder

US 10Y Yield - 1 Step Back, 2 Steps Forward

A quick look at key levels on US 10Y yield reveals an important zone being tested here at 1.31%-1.37% which should hold at first but then give way

Shyam Devani