US 10 Year Yield Technical Analysis
The first chart is the 10-year yield in the United States. We continue to see elevated yields despite the fact that we did gap a little bit lower at the open and drop, but the reality is we are basically at the top of an overall range. Ultimately, the 4.60% level underneath for me is significant support for rates. The 4.75% level above is significant resistance. We are elevated, and I think ultimately that’s the story here. Higher rates do influence certain markets.
