technical analysis chart

Technical Breaks, Ideas and Insights – US10YT is making a Positive Break

The US10YT has weakened all the way from 0.55% to 4.34% due to sharply rising interest rates fanned by out of control rising inflation,
but it is currently making a short-term positive break by breaking downwards through the upwards sloping support level at 3.55%.
The US10YT could potentially test its support level at 3.07% and if breached on the downside it could test its support level at 2.70%, in our view.