10-year treasury yields have been on the decline from the
3.040 high (Jan 2), tracing out a falling 4-month channel (as shown on the
daily and weekly charts). Near term, the intraday indicators (as shown on the
240minute chart) are bearish, suggesting scope for further downside, extending
the latest easing off the 2.690 high towards 2.506 then 2.400, near the channel
lower bounds.
On the upside, a quick upside reversal through 2.690 is needed to negate
the weakness and signal channel breakout for 2.818 next.
US 10-year Treasury yield weekly chart
US 10-year Treasury yield daily chart
US 10-year Treasury yield 240min chart
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