21 November 2023
US10YT was again held below MA10 as the nearest resistance, resulting in the yield being unable to pass the 4.507% level. It is estimated that US10YT will continue to fall until the target bottom at 4.309% yield; the result of the uptrend PARALLEL CHANNEL pattern that has been broken. ADVISE: reduce position.
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20 November 2023
US10YT has the potential for a technical rebound towards the nearest Resistance: MA10 / 4.52%, following the emerging Doji. Should it occur, it still does not alter the downside program towards the target bottom: 4.309% yield. ADVISE: Reduce position.
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17 November 2023
US10YT is testing the previous low support around 4.44% yield in order to fulfill the bottom target around 4.31% yield. ADVISE: reduce position. The nearest resistance is MA10 at 4.55% yield.
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16 November 2023
US10YT confirmed to continue its journey towards the target bottom at 4.309% yield. ADVISE: SELL MORE, reduce position. The nearest resistance is MA10 at 4.569% yield.
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15 November 2023
US10YT dropped back below its Moving Average Support, following the release of US CPI data for Oct which successfully cooled to 3.2% yoy. US10YT most likely will be heading towards its target bottom at 4.309% yield. ADVISE: SELL MORE, reduce position. Resistance : yield 4.575% - 4.623% / 4.726%.
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