10 Year Treasury Yield at Support

By | May 30, 2014

On May 14th I noted that the 10 year treasury yield was breaking down from a channel consolidation pattern, that projected to the 2.40% area. It’s reached that target, which is also the 38% retracement level of the 2012 low and the 2013 high, and a good technical level for a bounce or more consolidation.

29. 10 year CC chart

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