technical analysis chart

Technical Breaks, Ideas and Insights: ZA 10YT – Negative Break Intensifies the Pain

The ZA 10YT has been trading in a Short-Term Bear Channel since April 2021.
The most recent break out of this channel at 10.50% is even more bearish, and the Yield could test 11.45%.
If 11.45% is breached, the 10 Year Yield could test 12.42%.
The MACD is negative.
The Momentum indicator is negative.