On the yield chart, MACD shows the falling yield momentum is waning and a change of direction is close. The stochastic indicates the same over sold condition and is about to break above the 20 line, signalling a yield buy/ bond sell. Bollinger Bands are still wide. The yield is pulling away from the lower band, indicating a slowing/reversal in downward trend for the yield.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.