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
MARKET SNAPSHOT (7:15am AEST)- SPI200 overnight futures unchanged at 6207 SP500 down 0.75 pts to 2857.70 NASDAQ up 4.66 pts to 7888.32 FTSE100 up 58.17 pts to 7776.65 DAX30 down 14.65 pts to 12633.54 GOLD futures (Dec) up $3.50 to $1221.80 an ounce COPPER futures (Comex Sep) up $0.003 to $2.755 a pound OIL futures […]