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Bond of the Week: 28 November 2014
Bond of the Week : 28 November 2014
The Spanish Government 10-year Bond Yield has plotted a 'Trough' Key Day Reversal. As far as dynamic features go, this one is on the small side. However, it is drawn from a multi-year low at 1.916% - our charts date back to 1995 and that is the lowest level since then. Also, the decline had become oversold (see recent low level of the RSI). Therefore, a further recovery is possible, though a sustained break over the 50-day moving average would be required to provide further evidence of basing.
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