Inter Market Analysis

Inter market analysis is a series of articles studying related segments of the market to identify lead lags between trends in each segment. This can often forewarn you of impending changes in trend and allow for planning of required action based on it. For example midcaps v/s large caps, currencies v/s commodities and US markets v/s European markets and so on. In a global environment inter-market relationships are not restricted to a country but between countries and their respective asset classes as well.

10 year GSEC

GSEC yields 

With US yields jumping Indian 10 year government securities saw yields jump as well. Slow but steadily progressing in wave 3 we have a long way to go.

US 10 year T Notes

US 10 year yields 

Thanks to Fed we have the first day of a breakout in yields. Now to watch that the trend holds and continues after the event. Confirmed would mean wave 3 to a yield above 3% in the coming months. 

US 30 year Treasury bonds

The US bond market continues to slide ahead of the FED. The 30 year chart shows a possible wave iii down starting at minor degree. The 20 week average at 154.96 is the immediate support below which we can see a larger decline ahead.


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