EU 30Y Bond Yield to extend further into 2008 high in 2024
Economic
Policy needs to remain restrictive or should tighten further, until clear signs of easing inflationary conditions are available.
Technicals
Favor: Strong yearly candle
Favor: Strong M BiMS
Favor: M BiMS after ATL
Favor: Multiple BSL Levels higher
Currently at 10Y High
Expectation
Downside Retracement Targets (careful Short Term)
1 - 2.057% (Y SIBI Inverted) - 95% Certainty
2 - 1.625% (Target (already traded to)) - 75% Certainty
3 - 1.330% (MT Recent Upswing based on Y H to L) - 65% Certainty
4 - 1.149% (MT Recent Upswing based on Y Bodies) - 55% Certainty
5 - 1% (Beginning of Grind upwards) - 25% Certainty
Upside Targets (After Downside)
1 - 3.160% - Y 2023 High - 95% Certainty
2 - 4.915% - 85% Certainty
3 - 5.738% ( Fib 1.618 Extension) - 65% Certainty
4 - 6.258% (23Y High) - 35% Certainty
Policy needs to remain restrictive or should tighten further, until clear signs of easing inflationary conditions are available.
Technicals
Favor: Strong yearly candle
Favor: Strong M BiMS
Favor: M BiMS after ATL
Favor: Multiple BSL Levels higher
Currently at 10Y High
Expectation
Downside Retracement Targets (careful Short Term)
1 - 2.057% (Y SIBI Inverted) - 95% Certainty
2 - 1.625% (Target (already traded to)) - 75% Certainty
3 - 1.330% (MT Recent Upswing based on Y H to L) - 65% Certainty
4 - 1.149% (MT Recent Upswing based on Y Bodies) - 55% Certainty
5 - 1% (Beginning of Grind upwards) - 25% Certainty
Upside Targets (After Downside)
1 - 3.160% - Y 2023 High - 95% Certainty
2 - 4.915% - 85% Certainty
3 - 5.738% ( Fib 1.618 Extension) - 65% Certainty
4 - 6.258% (23Y High) - 35% Certainty