Treasuries are trading higher this morning on the slower economic numbers and we're seeing the 30-year yield trade down to 5.672% and the 10-year is trading at 5.584%. Yesterday, the 30-year triggered our upside alert at 5.702% and closed right at that level.
30-year Treasury Yield Chart - last seven months.
Yesterday trade at 5.702% had us on alert in the 30-year treasury market and we did see a rise in the Gold/Silver index and equities reached their highpoint of the session soon after. This morning's economic numbers have the bulls doing some buying and we'll be watching the 5.631% level for any type of move lower in yield.
10-year Treasury Yield Chart - last seven months.
There's been a bull in the 10-year treasury for months and we'll have our alert set on a break below the 5.553% level. We've alerted traders over the past week that the Gold/Silver Index (XAU.X) has been showing some short-term strength and with yields trading lower and gold/silver stocks trading higher, this has been indicative of a "nervous" market in the past.