U.S. Treasury auctions and technical analysis by Gerald S. Celaya
ARTICLE SYNOPSIS ...U.S. Treasury auctions and technical analysis
by Gerald S. Celaya
The auction process in the Treasury bond market creates a problem for technical analysts--the newly
auctioned issue has none of the historical price data needed for technical analysis and prices for the new
bond are usually quite different from prices of the old bond due to different maturities and coupons.
Charts, as well as databases, are affected by the bond auction. Technical indicators--trend-following or
momentum oscillators--require historical data. Thus, the lack of data limits the usefulness of most
technical trading sys...
AUTHOR: Gerald S. CelayaDATE: JUN 1989