US Bond 10 year yield candlestick chart

Record low: Not a good omen for the near-term trend in equities
Candlestick chart showing the yield for the 10 year US Government Bond at a low of 1.915%

US Government Bond 10 Year Yield Weekly Candlestick Chart

The 10-year Treasury bond is one of the most widely watched securities as it sets the benchmark for almost every other interest rate in the U.S. economy, from the cost of financing corporate debt and mortgages to credit card balances.

This chart does not show any confidence in the near-term growth prospects for the US economy. Nor does it show any confidence in the ability or will of the EEC to solve the Greek debt crisis.

Read this story in the September 12, 2011 edition of the Financial Post:Treasury 10-year yield falls to record low on Europe debt crisis

View my candlestick chart analysis on the downside risk for the TSX Index.

Read this story in the September 16, 2011 edition of the Financial Post: Reading the U.S. treasury yield signs

What do you think of this story from Bloomberg News? S&P 500 may plunge 21%: Technical analyst. You can review my post from June 25, 2011: Can the S&P 500 Index hold the 200-day moving average?

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca

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