US 10 Year Bonds and Notes yield topping out

TVC:US10Y   US Government Bonds 10 YR Yield
A truncated 5th wave maybe developing in the US 10-year bond yields as the pattern that has developed is an expanding triangle near a double top. Positioning shows the largest short position in US bonds net across categories. The setup is for a short covering rally in bond markets to be triggered by some event along with inflation data. This is not a time to be bearish bonds or bullish yields, but the exact opposite

The Truth About The Markets

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.