US 10 year yield at 2.80%. (Price falling)
Weekly chart
Cup pattern breakout seen at 2.67%.
3% plus possible.
Not a good sign for global equity markets.
Globally the theme of Central Bankers tightening monetary policy is well captured with German yields hitting new yearly highs. Interest rates are rising all across the Globe and emerging markets need to make note of this. Yields could be testing 1% in the coming months if crude continues its upturn.
