So here is my analysis on the 10yr yield: The long-term trend is contained in a bull channel (upwards). In the short term: I believe it comes down to 3.2% percent as that was a very important level back in 2022 and 2023 so it will first act as a level of support plus it should be around the bottom of the trendline. If it can break below that level, then i do see the 10yr coming down to 2.7%. The 50,100,150,200 moving averages has almost all crossed over and are sloping down which is a bearish signal. For price action traders the chart has formed a head and shoulders top which is also why i believe it will retest the neckline. The direction of the 10yr will depend on FEDs further plans to cut rates.
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Disclaimer
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.