TNX 10 T-Bill Yield (TNX)

[ITMS]

The 10-Year Yield Is Testing A Critical Support Level, Watch Out Below!

Everyone is talking about about the falling yield on the 10-Year U.S. Treasury Note. Today, the 10-year yield is around 2.395%. Yesterday, the 10-year yield hit the 200-week moving average and this looks to be a critical support level. Trader and investors should note that the 10-year U.S. Treasury Note yield is in a confirmed down-trend on the daily chart. The yield has declined below it's 200 and 50-day moving averages. This is a very weak technical formation and generally a sign that bond yields will decline further in the next few months. Should yields break below this important 200- week moving average it will generally signal a move down to the 2.00% area. Should this occur then the fed funds rate (2.25 - 2.50%) would be above the 10-year Treasury Note yield. This is why the Federal Reserve would likely lower the fed funds rate in the second half of 2019.




Nicholas Santiago
InTheMoneyStocks