US10Y, morning update

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US10Y doesn't paint too rosy a picture for the cost of debt, it would seem.

This count shows a truncated bottom at COVID-low, pretty clear impulse wave up from 0.505% to complete an A wave or wave 1.

Wave B or 2 looks like a zigzag so far.

If count is correct, the implications for the US economy would be dire, I would think.

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