Blake Morrow’s Chart of The Day – 10Y UST
10Y UST
The 10Y Us Yields have been pulling back since toping back in October at 4.33% but are they about to rebound from current levels?
The market has probably moved its expectations to far to fast while the move lower is technically defined as a descending triangle. For now we have found support at the 50% Fib of the last leg higher at 3.426%. A break above the descending T/L resistance should at least be good enough for a rebound to 3.8% if not higher.
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Steve Voulgaridis / Blake Morrow
20221215
