MW GP644 MicroS ZG 20180906154215 1 captis executive search management consulting leadership board services

10-year and 30-year Treasury yields skid below 100-day moving average for first time in months ahead of CPI

MW GP644 MicroS ZG 20180906154215 1 captis executive search management consulting leadership board services

Yields for long-dated government debt on Wednesday were headed to the lowest rates since March and late February, FactSet data how, setting benchmark Treasury yields to fall below their 100-day moving averages for the first time in about eight months. The 10-year Treasury note
TMUBMUSD10Y,
1.494%

at its Wednesday low at 1.469%, was below its 100-day moving average at 1.47%, according to FactSet data. Meanwhile, the 30-year Treasury bond
TMUBMUSD30Y,
2.175%

hit 2.150% at its Wednesday nadir, below its 100-day MA at 2.199%. Technical analysts look at moving averages to gauge long-term and short-term momentum in assets. The 10-year and 30-year bond haven’t traded below their since September of early August, according to FactSet. The moves come as May reading of the U.S. consumer-price index due on Thursday morning is expected to be the main event of the week. A hotter-than-expected April CPI reading, which showed prices rose 4.2% year-over-year, briefly rattled markets last month.

This is not a CAPTIS article. Originally, it was published here.