While I am not preparing my usual notes for a few weeks, I thought hard about which one chart I could highlight that gave the best representation of what has occurred over recent days.
The chart I decided on is the US ten-year yield. Note how it fell out of the trading area of the past few months. This 3.80 area has seen quite a bit of trading over the past couple of years and after six down days we should see the rate consolidate over the next couple of days easing the downward pressure on the stock market. But … a lot of damage has been done.
As is usual, our rates followed the US.
And don’t forget – my word for this year was RECESSION.
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Last
3,289.3 |
Change
-5.200(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,294.5 | 3,294.5 | 3,263.2 |
| XSO (ASX) Chart |