10yr Italian Government Bond Yields: Super strong

As of August 2018 we have switched to bond YIELDS rather than bonds. This after users requests. Older articles still show bonds, rather than yields.


Italian 10yr yields are nearing new multi-year highs. The outlook remains very strong and our focus is firmly on 5.12% for the next 6-months. Here the pivots of 2011/2013 converge with Fibonacci projection levels. Above that the major high of 2013 comes in at 7.50%.

IGBs look considerably worse than Spain and Portugal even though particularly Spain is bullish as well.

  • Primary trend: positive
  • Outlook: highly positive
  • Strategy: buy yields
  • Support: 2.36% / 2.00%
  • Resistance: 3.794% / 5.12%+
  • Outlook cancelled/neutralized below 2.00%

Weekly chart 10yr Italian Government Bond Yields

28 MAY 2018 – No Rest for the Wicked

Italian 10yr yields have just surpassed the 2.61% level. Bond are clearly in a free fall after the earlier breakout below ~100 earlier in May. The first target at 95.21 has just been surpassed, opening the road towards the secondary target at 90.18. Minor counter trend rally’s are allowed up to 98.65 without altering the highly bearish outlook.

IGBs look considerably worse than Spain, even though Spain and Portugal are playing some catchup.

  • Primary trend: negative
  • Outlook: highly negative
  • Strategy: hold-short / sell rallies
  • Support: 95.21* / 90.18-
  • Resistance: 98.65 / 102.60 / 103.10
  • Outlook cancelled/neutralized above 98.65

Weekly chart 10yr Italian Government Bonds

16 MAY 2018

Italian bonds are reeling and subsequently pushing yields through the 2% level. The breakout below support means the end of an elaborate consolidation pattern and the start of a major new down trend. Focus is now on 95.21 followed by the major pivot-lows of 2017 at ~90.18.

Interestingly, IGBs look considerably worse than Spain.

  • Primary trend: negative
  • Outlook: new down trend, negative
  • Strategy: hold-short and/or short-entry
  • Support: 95.21* / 90.18-
  • Resistance: 102.60 / 103.10
  • Outlook cancelled/neutralized above 102.60

Weekly chart 10yr Italian Government Bonds