JPMorgan Chase warns of a bearish reversal in the forecast of overbought Treasuries

JPMorgan strategist Jason Hunter and others said the rally in medium-and long-term Treasuries showed early signs of exhaustion. They added that medium-and long-term Treasuries triggered "multiple systemic sell signals", a harbinger of a bearish reversal and a renewed steepening of the curve. After months of gains, momentum, high-frequency positions and cross-market indicators show that Treasuries are overbought. Strategists expect 10-year yields to return to 1.255-1.29% (200-day moving average, 38.2% pullback after July 2020) and 1.18-1.21% ("break the gap" in February).

新浪財經Jul 17, 2021 04:57

The annual rate of CPI in the United States hit a 13-year high in April. Gold and silver dived and was attacked by a big single.

The annual rate of quarterly CPI in the United States hit a 13-year high in April. 20Rang30, the United States announced that the unquarterly CPI annual rate recorded 4.2% in April, the highest since September 2008, and much higher than the expected 3.6%. After the quarterly adjustment in April, the monthly rate of CPI recorded 0.8 per cent, higher than the previous value of 0.6 per cent. After the release of the data, the short-term decline in spot gold widened to $10, reaching as low as $1821, while the yield on 10-year Treasuries jumped short-term to 1.65 per cent, up 1.65 per cent on the day. COMEX's most active gold futures contract is traded within one minute at 20:32 Beijing time on May 12th.

金十數據May 12, 2021 20:43