Chart Master: I'm a buyer of bonds

Core Viewpoint - The ongoing government shutdown is influencing bond yields, with a trend of decreasing yields observed since the beginning of the year, raising questions about future yield directions [1]. Yield Analysis - The analysis of various bond maturities (2-year, 5-year, 10-year, and 30-year) suggests a potential downward trend in yields, particularly for the 2-year bonds, which may indicate a topping out formation [2][3]. - The 5-year bonds exhibit similar characteristics to the 2-year bonds, indicating a potential break in trend that aligns with historical lows from 2020 [3]. - The 10-year bonds are also showing signs of a potential trend break, suggesting a similar downward trajectory as observed in shorter maturities [3]. - The 30-year bonds are noted to have a "perfect double top" formation, indicating a critical point that could lead to a breach, further supporting the notion of declining yields [4]. Investment Sentiment - There is a sentiment shift towards buying bonds, as the current setup is perceived as unfavorable for yields, indicating a potential opportunity for investors [4].