The US yields are moving higher wtih the 2 year now unchanged and the 10-year up 6.3 basis points and now above 4% at 4.058%. The low from last week reached 3.86% on Friday.
Looking at the hourly chart of the 10-year, the yield is moving to a key target. The falling 100-hour MA and the 38.2% of the move down is being approached near 4.07%. We will see if that level can hold resistance or break above?
Over a longer look on the daily chart, yields are lower from the 4.809% high from January but still above the low yields from September 2024 at 3.60%
US yields are moving higher. That’s not good.
