US 10-YEAR BOND YIELD | DAILY CHART | Market participants will see the 3% level as key in the path for the US10Y with the yield now at multi-year highs and, putting a further dent in the high growth area of the market, those stocks trading at elevated valuation levels. Reviewing the daily chart, I note the yield trading at 2.5 to 3x it’s mean as per the 200-day linear regression channel (not shown) while the 7-week RSI (upper panel) is at 87.
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