US Government Bonds 10-Year Yield (US10Y) near a support

US Government Bonds 10-Year Yield (US10Y) has come back to its 2014 level when oil was heading towards its highest price per barrel ever. Although today’s oil price is still significantly below 2014’s, Donald Trump’s tax reform, the robust economy and the likely upcoming rate hikes by the Federal Reserve (Fed) have sent the 10-year bonds above the 2.6-2.75 yield level. The technical analysis consensus gives a sell as the 10-year yield could use the aforementioned range as a support, before potentially aiming for higher levels beyond 3%.

© Chart provided by TradingView.com, add-ons by Cyceon.

Leave a Reply