Reported 8 months ago
A trading strategy with a perfect record in 2024 is recommending selling long-maturity Treasuries after a recent rally. The strategy, based on 'moving-average envelopes,' has previously yielded profitable signals in January, February, and April this year. With an 18% return in 2024, this strategy has outperformed other technical indicators tracked by Bloomberg. The recent sell signal emerged as Treasury yields fell to their lowest levels in over two months, prompting traders to prepare for increased corporate issuance this week.
Source: YAHOO