Thursday, February 25, 2021 5:55 PM EDT
After today's gain, the US10YT now sits just above a 10-year major resistance level around 1.50%, as shown on the following monthly chart.
In the grand scheme of things (since 1955), it's still well below normal.
Upside major resistance levels/targets are 2.00% and 3.00%...but a drop and hold below 1.50% could see it return to 1.00%.
We may see it consolidate for a while before its trend becomes clearer, but currently, momentum favors buyers.
Keep an eye on the short-to-medium-term movements of the DX and the XLF for clues, as I've described here and here. A rising US dollar and a falling Financials sector may see buyers continue to support the US10YT.
Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are provided for your information or entertainment only...none of it may be construed as financial or trading advice. I trade my personal account only...I do not manage a fund for other people. Please do your own "due diligence" before engaging in any trading activity.
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