Ten Year Treasury At Long Term Low

June 16th, 2009 by AndyAskey

I have received a number of emails inquiring about the state of the US bond market. I think those interested should step back and get some perspective. Sure bonds are selling now which pushes the price down (and yield up). But in the long term yields are at historic lows. After the fast drop from 2007-2009 it is not unreasonable to retrace at least half of that move.

The SP500 (SPX) index is having a difficult time moving above the January high. But also note that price is only back to the 20dma and remains above the 50dma.

The Nasdaq Composite (COMPQ) is following the 1×1 parallel angle down. Again note, price is above both the 20 and 50 day moving averages. This is certainly not a weak position.

Charts courtesy of Stockcharts.com

Tags: Bonds · Nasdaq Charts (IXIC)No Comments

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