The 30 year yield remains over bought (i.e. long-term bonds are very over sold) on the hysteria, and is a little red.
The 10 year is still at its highs and very over bought.
The 20+ year iShares Treasury bond fund is deeply over sold and I own it (looking for a bounce) as a risk ‘off’ balance to longs (I took a loss on hedged Europe and a gain on the Transports today, along with a few well earned profits elsewhere), that pays higher income while it’s wallowing.
The 30yr-5yr spread, which I use as a real time approximation of the yield curve, is dropping but still in its post-August uptrend as long as it holds the SMA 50 area.
There is a little something coming off of the very over bought ‘inflation expectations gauge, the TIP-TLT ratio.
All in all it continues to look like recent themes, driven home hard by the unexpected Trump hysteria, can continue to reverse for a counter trend move at least.
Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.