Technical Analysis

The drop in Treasury yields after retail gross sales highlights the downtrend

US 10-year yields down 5.5 bps

US 10-year yield chart

The optimism in inventory markets previously month hasn’t spilled over to the Treasury market. That is not actually a shock provided that the dovish shift from the Fed is the motive force for a lot of the inventory market good points.

Watch that downtrend resistance that as underscored once more at the moment by the drop in yields after retail gross sales. That would immediate one other check of two.61%, which was the low this month and a possible drop again right down to the January low.

Souring commerce talks and extra poor financial information would doom this chart to a break decrease and pull down USD/JPY with it.

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