Market Update: EU 10-Year Yield Under Pressure
The 10-year yield has faced mounting pressure over the past month, and we’re now approaching critical support levels—notably, 2.00/2.01, the recent low.
🔍 Key Insights:
• The RSI has dipped to 16, suggesting that this zone may hold on the initial test.
• However, the broader pattern since 2023 is starting to resemble a potential topping formation.
⚠️ What to Watch For:
A weekly close below 2.00 could expose the market to significant downside risks:
➡️ Targets include:
• The 2024 low at 1.89
• The December 2022 low at 1.75
• Longer-term potential to slide toward the 200-week moving average, currently around 1.46
As the bond market approaches these pivotal levels, it’s critical for investors to stay vigilant and prepared for potential shifts in the macro landscape.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
🔍 Key Insights:
• The RSI has dipped to 16, suggesting that this zone may hold on the initial test.
• However, the broader pattern since 2023 is starting to resemble a potential topping formation.
⚠️ What to Watch For:
A weekly close below 2.00 could expose the market to significant downside risks:
➡️ Targets include:
• The 2024 low at 1.89
• The December 2022 low at 1.75
• Longer-term potential to slide toward the 200-week moving average, currently around 1.46
As the bond market approaches these pivotal levels, it’s critical for investors to stay vigilant and prepared for potential shifts in the macro landscape.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
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