Monday, March 24, 2008

10-year yeilds still basing, approaching upside breakout?

Here is my earlier chart of 10 year yeilds. Recent price action suggests they are still basing, STO and RSI-7 looking more positive. A break above the 50 day MA would be a stronger indication of a medium term breakout. (Though rumours of more bank failures could see another rush to treasuries)

1 comment:

Prieur du Plessis said...

I have just published a post on the outlook for long bonds. Here is the link: