US10Y held the 1D MA200 and is starting a new rally

20 mayThe U.S. Government Bonds 10 YR Yield (US10Y) is expanding the new Bullish Leg, and continues to follow the buy signal we gave on January 24 (see chart below):

Last week it tested the 1D MA200 (orange trend-line) as a Support, for the first time since April 01 and held. As a result, we expect it to resume the Bullish Leg, the same way it did on July 19 2023 and test initially the previous Higher High of the 2-year Channel Up.

Our Target is slightly below at 5.000%.

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