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Is 10-Year Yield On New Upleg?

Published 09/09/2015, 02:40 PM
Updated 07/09/2023, 06:31 AM

As the global and U.S. equity markets attempt a huge recovery rally, 10-year yield continues to creep higher -- to 2.24% from the Aug. 24 low at 1.90% -- within a larger-developing bottoming pattern (outlined by the red lines below).

Current strength has propelled yield up and out of its near-term digestion (flag) pattern, which triggers upside potential to challenge its Jan. 2014 resistance line, now at 2.40%.

Only a break below 2.11% will wreck the developing bullish set-up in yield.

Daily 10-Year T-Bill Yield

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