As the Federal Reserve meets to decide on its next monetary policy move, is recent economic data hinting at fresh buying opportunities in Treasury yields (^TYX, ^TNX, ^FVX)?
Franklin Income Investors CIO Ed Perks joins Yahoo Finance's Morning Brief in-studio to discuss projections for US treasuries based around market volatility and the Fed's own interest rate agenda.
"Short-term technical patterns are always developing which could indicate a move back up to 4.75, maybe approaching 5%. And what I love about that actually happening is then we would be able to form a big top in the 10-year yield chart, which we don't have yet," Perks explains. "But I think if we just kind of look through the forest for the trees kind of bias and technicals, here is if we're up around 4.60 or so in the ten-year, we should be nibbling long. If we're retesting the year-to-date high in ten-year yields of 4.74%, we should be buying. If we're above that, we should be loading the boat long..."
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Franklin Income Investors CIO Ed Perks joins Yahoo Finance's Morning Brief in-studio to discuss projections for US treasuries based around market volatility and the Fed's own interest rate agenda.
"Short-term technical patterns are always developing which could indicate a move back up to 4.75, maybe approaching 5%. And what I love about that actually happening is then we would be able to form a big top in the 10-year yield chart, which we don't have yet," Perks explains. "But I think if we just kind of look through the forest for the trees kind of bias and technicals, here is if we're up around 4.60 or so in the ten-year, we should be nibbling long. If we're retesting the year-to-date high in ten-year yields of 4.74%, we should be buying. If we're above that, we should be loading the boat long..."
#news #stocks #youtube
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
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