For the 10 yr Tnote yield, the Bollinger Bands pinched sharply today, but they remain separated as much as they have for the last couple of weeks. The stochastics indicate a buy the yield/ sell the bond. This is the second time the trade signal has been issued. Usually the first one cries wolf in a consolidation, and the second one is real. The MACD ticked up, but is has not yet given a buy yield/sell bond signal. The signals are very close to the confirmation of a bond market sell off this summer.
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