Adam Smith Associates 30 Year Bond


Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article are purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd


The 30 year bond price has been in a trading range for 2 months that looks like a triangle. 149.80 is the lower end of the range where wave e of B should complete. Following its completion we should expect wave C up to unfold. Rising bond prices have evaded me for a while but we now have multiple bottoms at this level that I believe should eventually lead to higher prices [lower yields]. This might have nothing to do with the FED hike expectations I think but lets see. A 25 basis hike might be priced in at these yields. Bonds might just get the safe haven bid in wave C up.


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