Treasury Yield Brush With a `Death Cross' Cheers Bond Bulls
- Ten-year benchmark’s 50-day moving average falls below 200-day
- Should indicate yields will continue to fall: Miller Tabak
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In a positive technical sign for bond bulls, the U.S. 10-year Treasury yield is heading for a so-called death cross pattern.
It occurs when the 50-day moving average crosses below its 200-day counterpart. While many traders are skeptical of its import, others argue it presages further weakness in the benchmark yield.