TNX MACRO Technical, TRIGGER$ June 2019
SCHIFF: BOND MARKET RIGHT BUT MAKING WRONG BET Peter Schiff is out with a new note that on how he believes the bond market is right about its views and reaction to the pending recession. However, he feels they are missing what the outcome of the recession will be. That outcome is STAGFLATION. This would […]
A STRONG DOLLAR ALSO BEHIND BOND RALLY Some investors are buying U.S. Treasurys without hedging against the risk of a decline in the dollar International Carry Trade investors typically hedge their holdings of foreign bonds using derivatives AS A CURRENCY HEDGE, which allow them to borrow a foreign currency in exchange for their own and […]
HYG, JNK, TNX, TRIGGER$ June 2019
INVESTORS FLEEING HIGH YIELD, SIMILAR TO FINANCIAL CRISIS Investors are starting to come to a more realistic outlook about the forward-looking growth prospects, as well as the power of central banks to pump up asset prices. Tyler Durden reports that: It seems the warnings from PIMCO’s Scott Mather that: “We have probably the riskiest credit market […]
TNX MACRO Technical, TRIGGER$ June 2019
SII – BONDS AT CRITICAL TECHNICAL INFLECTION POINT WITH INFLATION PRESSURES LOOMING The Macro Analytics “Secondary” Indicators for the 10Y US Treasury illustrates that with the recent drop in yield we have achieved our target yield which we established last fall. Here is the current 10Y US Treasury for yield as measured by the “TNX”: […]
CHINA CURRENTLY DRIVING US TREASURY YIELDS HIGHER …the story is the cyclical upturn in China something commodities were foreshadowing. The slew of better data out of China is turning yields back higher along with it. China CPI, M2, Exports, and Aggregate Financing all turning higher off the lows The bounce in the data has been […]
TRIGGER$ April 2019, USD Macro Technical
MACRO ANALYTIC COVERAGE INITIATED US DOLLAR INDEX (DXY) A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS REFERENCE SII – CURRENCIES – US DOLLAR (DXY) MATASII SYNTHESIS: CHART PACKAGE INDEX: ORIGINAL TRIGGER “IDEA” CURRENT TRIGGER “IDEA” CHART MACRO ANALYTICS PRIMARY INDICATOR – Longer Term: 6 Months – 2 Years 12 & 24 Monthly MA Bands […]
WHY RUSSIA IS BUYING GOLD & DUMPING US$ AT FASTEST PACE IN DECADES The dollar’s share of global central-bank reserves slumped to the lowest level since 2013 while holdings of the Chinese yuan rose for the fifth quarter in the past six In April and May, Russia’s central bank liquidated $81 billion in Treasurys, nearly […]
TNX MACRO Technical, TRIGGER$ March 2019
MACRO ANALYTIC COVERAGE UPDATED 10Y UST – “TNX” YIELD A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS REFERENCE SII – BONDS & CREDIT MATASII SYNTHESIS: We see significant support for the 10Y UST Yield at 2.39%, We would cover our shorts if yield bounces off this support level. We would expect to see a […]
10Y UST “TNX” UPDATE THE BREAKING NEWS STORY: US Yields Could Still Have Quite A Bit More Downside Thu, 21 Mar 2019 Authored by Bryce Coward via Knowledge Leaders Capital blog, To the dismay of many observers, US treasury yields have been dead as a doorknob despite the 20% rally in stocks over the […]
TRIGGER$ March 2019, USD Macro Technical
MAJOR INDICES UPDATE – USD – “DXY”