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US TSYS: 10-Year Yield Breaches Downtrend Line

US TSYS

10-Year Tsy yields on track for a close above medium-term downtrend resistance drawn off the October ’23 high following the election result.

  • Next resistance June closing high (4.4670%) being tested at typing.
  • A clean break there would expose the May 29 closing high (4.6117%).

Fig. 1: U.S. 10-Year Tsy Yield (%)

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10-Year Tsy yields on track for a close above medium-term downtrend resistance drawn off the October ’23 high following the election result.

  • Next resistance June closing high (4.4670%) being tested at typing.
  • A clean break there would expose the May 29 closing high (4.6117%).

Fig. 1: U.S. 10-Year Tsy Yield (%)

Keep reading...Show less