10-year US Treasury

By: Ed Carlson | Tue, Nov 10, 2015
Print Email

The rate on the 10-year US Treasury Note (ticker symbol TNX) had its best week since June last week with a gain of 8.46% to close at 23.33. It even printed an engulfing bullish candlestick on Friday.

Most of the week's gain came on Friday's strong non-farm payroll report. The breakout from the June bear trendline would seem to open the door for a return to the June high near 24.75 but...

Cycles point to a high near last Friday and a decline into late-November or early December.

The NY Fed report of Primary Dealer activity shows a dramatic dumping of positions by dealers. It appears that dealers aren't waiting for the December rate hike to eliminate risk from their balance sheets.

10-Year US Treasury Note Yield Chart

 


Get your copy of the November Lindsay Report at Seattle Technical Advisors.com

 


 

Ed Carlson

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

Copyright © 2012-2017 Ed Carlson

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com