Short Term Trading Member Forum

[techcharter]

10yr Treasury Yield Could Drop

The last 3-4 years it looks like the yield on the 10 year Treasury has formed a trianlge. The triangle is finishing wave e or has just started the next move down. Moves following triangles are sharp and travel the range of the triangle. That means one more new low in the 10 yr yield is in the cards by the end of the year. Target: 3% area

This would follow the behavior in the bond market during the 1929 stock market crash. In WAVE C of the stock crash, there was a sharp "flight ro quality". Bond yields then began a huge spike as bond holders realized default was inevitable. The raw data is available on the federal reserve website.