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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (56623)3/22/2019 9:30:50 AM
From: Goose94Read Replies (1) of 202832
 
HUV-T: U.S. Yields Move Lower on Fed Dovish Posture


U.S. government bond prices ticked higher after the Federal Reserve reinforced their dovish posture (for the third time) and signaled that it will not be raising rates this year, with one hike projected in 2020. Powell stated an end to the campaign to tighten monetary policy with the balance sheet runoff set to end in September which sent the yield below 2.5%, the lowest level since January 2018. In addition, Powell acknowledged the slowing of global growth and lowered US GDP forecasts to 2.1% from 2.3%. The yield curve is coming off a fresh ytd low of 13 bps with the yield on the benchmark 10-yr note remaining bearish trend and the current range seen between 2.47 – 2.65%. June bonds are near overbought levels with support for June bonds coming in around 146-27 with the next upside target of 148-00.

30-Year T-Bond Jun '19 Daily Chart



Alexander Turro

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