10-Year US Yields About to Rebound Higher?
The United States 10-Year Yields have been pulling back since toping back in October at 4.33% but are they about to rebound from current levels?
The market has probably moved its expectations too far too fast, while the move lower is technically defined as a descending triangle. For now, we have found support at the 50% Fib of the last leg higher at 3.426%.
A break above the descending T/L resistance should be good enough for a rebound to 3.8%, if not higher.
US 10-Year Yield Daily Chart