The US 10-year yield is approaching the 0.236 Fibonacci retracement level from the 1981 highs to the Covid lows. I expect this level to act as a temporary support, with yields rebounding higher for a bit. This should coincide with a relief rally in equities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.