US10Y Similarities of 2020/21 with 2008/9

This study brings forward the similarities of today's price action on the U.S. Government Bonds 10YR Yield with 2008-2009 on the 1W time-frame.

* In 2008, the bottom was made shortly after the Quantitative Easing 1 (QE1) was initiated in order to offset the sub-prime mortgage Crisis. In 2020 the bottom was made shortly after the 1st Stimulus packaged was initiated in order to offset the COVID-19 Crisis.

* In 2009, the strong rebound that followed broke above the 1W MA50 (blue trend-line) but the MA200 (orange) held, emerging as a Resistance and eventually rejecting the price. So far today, the US10Y is way above the MA50 approaching the MA200.

* That rebound formed the fastest/ strongest 1W MACD rise in more than one decade on both periods.

* There is a Symmetrical Support Zone involved in both cases.

* A Golden Cross and a Death Cross preceded both periods.


Will history be repeated?



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