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Rising 10-Year Yields Put Copper, Russell 2000 and BTC at Risk

By: 
Christopher Lewis

US 10-year yields break higher as Copper, Russell 2000 and Bitcoin face key technical levels. See the latest market forecast and price outlook.

US 10-Year Yield Technical Analysis

US 10-Year yield daily chart at 4.788% trading above both EMAs.
US10Y trades at 4.788%, extending above the 4.60% level and both EMAs, with the 200 EMA at 4.428% and prior support at 4.30%. Source: TradingView.

The US 10-year yield is rising yet again in early trading, and we have now broken out of that range we have been in for a month. This could be a major story soon. It’s getting to the point where the 10-year yield could reach 5%. Right now, we’re at 4.788% and showing no real signs of slowing down, as this is also a nonfarm payroll week. Keep that in mind.