2% Target For US10YT

I last wrote about the US10YT in my post of April 8.

Since then, it retested the 1.50 level, reversed, and is now attempting to extend its rally in an effort to reach 2.00, or higher, as shown on the following weekly chart.

As long as it holds above the upper moving average of the William's Alligator (1.58), I'd say there's a good chance it will reach that level. The Balance of Power has shifted back to Buyers. I'd like to see the Awesome Oscillator turn green to confirm that support for a higher yield is sustainable.

Keep an eye on inflation for clues, as I've described in detail in my post of May 13 (and subsequent updates noted therein)...inasmuch as longer-term inflation will, no doubt, have an impact on 10-year treasury yields...particularly, as the Fed is beginning to admit that it may not, in fact, be "transitory," as they've been trying to peddle.

May 19

Source: ZeroHedge.com

-- ZeroHedge

Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...

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