Bullish breakout in US long bonds set yields to year-to-date lows, positive for long-term interest rate assets.

From Investing.com: 2025-02-05 23:25:00

US long bonds saw a bullish breakout, sending yields to year-to-date lows. The technicals, combined with limited supply and weak US economic data, bode well for assets tied to long-term interest rates. Gold and the Swiss franc will be analyzed for potential opportunities. The US 10-year Treasury note futures surged through a key resistance zone, signaling further gains ahead with bullish momentum. The upcoming payrolls report will be a key test for the market. The correlation between US bond futures and various markets shows implications for FX, stocks, crypto, and precious metals.

USD/CHF is showing bearish signals after failing to break January highs, completing a three-candle evening star pattern. Gold remains in a strong bullish trend, with no topping signals yet. While RSI has entered overbought territory, momentum remains strong. Support is at the former record high of $2790, with resistance where the bullish thrust stalled. The focus is on waiting for a clear topping signal before scaling back longs or considering shorts. Pay attention to the upcoming payrolls report and the implications on the market.



Read more at Investing.com: 2 Key Yield-Sensitive Trades to Watch as Treasury Breakout Reshapes Markets