Tags: US | 30-Year | Bond | Yield | Tops | 200-Day | Moving

US 30-Year Bond Yield Tops 200-Day Moving Average in Bearish Sign

Tuesday, 09 Nov 2010 01:48 PM

The U.S. 30-year Treasury bond yield rose above its 200-day moving average of 4.20 percent for the first time since May Tuesday, possibly signaling a longer-term bearish trend for the securities.

In the immediate aftermath of an auction of $24 billion of 10-year Treasury notes, 30-year bonds were trading 1-28/32 lower in price with the yield climbing to 4.24 percent, above the 200-day moving average and up from 4.12 percent late Monday. The bond briefly traded two points lower in price Tuesday afternoon.

Such a yield break above the 200-day moving average is considered to be a bearish indicator.

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The U.S. 30-year Treasury bond yield rose above its 200-day moving average of 4.20 percent for the first time since May Tuesday, possibly signaling a longer-term bearish trend for the securities.In the immediate aftermath of an auction of $24 billion of 10-year Treasury...
US,30-Year,Bond,Yield,Tops,200-Day,Moving,Average
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2010-48-09
Tuesday, 09 Nov 2010 01:48 PM
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