March 5, 2021
Time Frame : Daily Chart
US bond yields and inflation are the main focus on markets at this stage and may well cause more selling pressure into share markets if buyers can not support bond prices soon. Price on the US T-note is down at a potential support price now but are buyers willing to step in front of the strong negative momentum to provide some support. If not then the selling will continue lower and really put share into a bit of a tail spin. With US key employment data out tonight, a stronger than expected number may trigger the selling more and stoke the flames of inflation and force the Fed to adjust its outlook on yields.
Stock : US 10 year Bond
Current Price : 132’085
Status : On watch for a move below 131’315
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