10 year US Treasury notes update - 21 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
10 Year Notes - 40 day cycle upswing just failed.
We last updated on 15 October and were looking for a counter-trend 40 day cycle upswing to around 113 and then a top out and decline into the 80 day cycle trough due around mid next month. This looks to have now happened but a little shy of our upside target (the top print ended up at 112-22 at the 20 day FLD). So what do we expect next?