Bessent's $6 Billion Bond Operation Fails to Cool Market Fever

TLT declined 1.8% in 24 hours to 80.79, with its RSI at 26.7 approaching oversold territory. The MACD is below its signal line and in negative territory, and the price is trading below its 20- and 50-day moving averages, confirming weak short-term momentum. It is noted that Bessent's $6 billion Treasury operation news did not cool the market, indicating continued selling pressure in the bond market. While oversold conditions could trigger a rebound, the overall outlook suggests downside risk persists. Therefore, I expect a downward trend in the 1-3 day horizon, although the low RSI level may limit the probability of a sharp decline.

DXY is at 99.10, up 0.36% in 24 hours, trading above its 20- and 50-day moving averages. Although RSI at 63.9 is approaching overbought territory, there is no confirmed reversal signal yet. MACD is positive and above the signal line, indicating short-term momentum remains bullish. Bessent's $6 billion Treasury operation failing to cool the market can be interpreted as dollar-positive through the absorption of Treasury supply and easing interest rate pressure. However, the news impact is limited and technical indicators may already be priced in; therefore, the 1-3 day bias is upward but with moderate confidence.