Oct 06, 2023
Was today's drop in bond yields the circuit breaker we've been waiting for?
The headline to this post is an immediate question that popped up when I read this from a Barclays note:
Lower yields, and lower oil, added to positive sentiment that gave a boost to 'risk' in Wednesday trade. But, yeah, is this the circuit breaker a pause for the bears to regroup?
More:
Daily candles below, is that final one (Wednesday's) enough to signal a top is in? Let me know in the comments. Any other bond comments, technical analysis or otherwise, welcome also!