The 10 Year US Treasury Yield has been in bounce mode for the past few weeks.
Is the bounce over for interest rates?
The 10 Year yield reached resistance at the top side of its declining channel and failed. Interest rates loitered for a week before turning lower.
Where it failed was also the 50 day moving average.
The initial downside target is 2.4%.
The MACD turning dow at the zero line. Stay focused here and look for a move lower to support.
10 Year US Treasury Yield Note Chart
