November 06, 2024 11:21 GMT
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 (%)
Source: MNI - Market News/Bloomberg
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