US10Y US10Y: weekly chart; interestingly poised; for a lot of us who have been expecting higher yields, it’s been a frustrating phase; believe we are on the brink of a possible breakout; 4.16 is next resistance; followed by 4.24; and if the 10y does break above 4.24, the target is 4.54; if 4.16 holds, then time to accept that we were wrong; support at 4.08
US10Y US10Y: 3.95 has held so far; we have the FOMC rate decision later this week; a rate cut looks like a done deal; let’s see the communique; a break of 3.95 opens up 3.85 & 3.75; focus also on the Trump- Xi meeting; remains a Sell on rise on all timeframes; resistances at 4.01 & 4.08; the 4.08-4.16 zone is key.