US 10 YR
Added 2025-04-17 12:47:17 +0000 UTCSo what's happening with the 10 YR?
A very clear observation (and this is what we would expect from any position), once there is a breakout of an important level, we always look for a retest of this level.
It is no different here too.
The 200 Day MA is aligning perfectly with the wedge breakout level and the small green fib support level at 4.224%, so seeing a retest of this level will tell us a lot of information.
A hold above this level and we need to expect a move higher next, as we would with any position.
This is not what Trump wants to see and after Powell's comments yesterday, where he suggested that holding rates unchanged for some time seems to be the appropriate move to make.
Trump will likely do everything in his power now to remove Powell out of his position.
Yields going higher will be difficult for the market and Trump, a drop and the market could continue its bounce.
Big test coming up now.
Comments
Does this mean we probably do not want to own TLT in the short term?
Hunter
2025-04-17 19:19:06 +0000 UTCSeems like death cross approaches
Kad
2025-04-17 17:20:29 +0000 UTCIf Trump is successful in removing Powell and gets another “Yes” man into that position, we’re fucked
Charlie
2025-04-17 14:32:16 +0000 UTCBut wud it have worked as a strategy for him to achieve his goals with the debt etc?
JCB
2025-04-17 12:53:47 +0000 UTCTrump has not done a good job of pumping the market, constant negative headlines will damage the market stability
Gareth Neary
2025-04-17 12:52:51 +0000 UTCIf Trumps wants it to go down, would pumping the market not have helped this happen?
JCB
2025-04-17 12:50:39 +0000 UTC
