The 10-year YIELD is pressing toward a test of Wednesday's post-FOMC low, at 2.48% (40.40 TBT), which if violated, should trigger additional weakness in YIELD into the vicinity of the dominant support line off of the Nov. low (1.72%), which cuts across the price axis at 2.42%.
YIELD weakness must be contained in and around 2.42%-2.40% to avert inflicting meaningful technical damage that presses YIELD toward a test of very significant multi-month support at 2.30%.
