Bond Market – Weekly Analysis

In this report, we examine the latest technical signals across the U.S. and Canadian bond markets, and outline why the next moves in yields may become one of the most important macro signals for currencies, equities, and the broader economy. CANDLES & TA: While the mid- and long-term trends and signals remain primarily bullish, the short-term structure has been correcting without breaking major support. However, the risk of a potential mid-term corrective move remains on the table. Next week’s Fed meeting, under a new chair, will likely provide more clarity on the short- and mid-term direction for the rates. The following key paragraphs are from the previous analyses, and I keep them for a long-term reference: From the April 2024 monthly: “The yield ended in April with strong bullish candles across multiple frames and long and very long term odds remain bullish. The monthly frame recorded a 50/200 MMA “golden”…