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Wednesday, 06/29/2011 5:47:05 PM

Wednesday, June 29, 2011 5:47:05 PM

Post# of 51804
US 10 yr Bond Yield Surging

The yield on the US 10 yr bond rose strongly again today. The important question is "Is this the beginning of a longer term bond selloff?"

There was a bullish yield divergence with all 3 indicators the relative strength index, MACD, and Stochastics. All 3 indicators rose slowly off extremely low levels while yields continued to fall over the last 6 weeks.

The yield rallied off the lower bollinger band to the upper band in a couple of days. The bands are widening to accomdate more swings in the yield. The yield met resistance at the 50 and 200 day averages. The 200 day avg is moving UP.


http://stockcharts.com/h-sc/ui?s=$TNX&p=D&yr=0&mn=6&dy=0&id=p88452619814

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