Intermediate trend is down with support at 1.70%
This is a key indicator that I monitor daily. Safe haven buying has pushed the yield to a record low.
Reference the last chart analysis for the U.S. 10-Year Treasury.
Relevant articles picked from the Web:
- Why T-bills remain the ultimate haven — Globe — June 4, 2012
- Why a major source of U.S. bond demand is drying up — FP May 31, 2012
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.
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