Short term rates still look weak while long term look better

HAPPY NEW YEAR! 🎉

US Treasury markets are more than the combined bond markets of Germany, Japan, China, UK, France, and Italy = HUGE.

This is why US #Bond market is important to keep track of.

Short term #interestrates has been the weakest in a LONG TIME

1Yr & 2Yr charts look similar. US Debt 2ys & less have been weakening & look like they still want to weaken a bit more.

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HOWEVER, long term debt looks to be solidifying a bit.

The 10 & 30Yr #Yield look identical & both look like they want to bounce here. How strong? We'll see. Took small position on Thurs.

This could also be more of a technical set up as both are at support levels, 30yr is at strong long term support.

TNX #bonds