Where Is The 10 Year Note Going ?

30 Apr in Blog, Bonds, commodities, currencies, futures trading, Mike Seery

10 Year Note Futures---The 10 year note is currently trading at 125/23 right near a 3 week low as prices have stalled out around the 126/15 level in my opinion as I'm not involved in this market, however I still think higher yields are coming thus lower futures prices ahead as the stock market looks to move higher in my opinion.

The 10 year note is still trading above its 20 and 100 day moving average telling you that the short-term trend is higher as prices 2 weeks ago hit a 6 month high despite the fact that the stock market continues to hit record highs on a daily basis as worldwide problems continue the support prices here in the short term.

The next major level of resistance was last weeks high around 126/15 & if that is broken who knows how high prices could go with problems concerning North Korea and the United States helping support prices , however I think that situation will be resolved coupled with higher equity prices and money flows coming out of the bond market, hence yields which are currently around 2.30% could certainly go higher in my opinion over the course of time.TREND: HIGHER–CHART STRUCTURE: SOLID




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