10-Year US Treasury yield remains in a long term downtrend channel, in the process of completing downwave (3) of V near the bottom of the channel at around 0.70%. Key resistance that if broken would invalidate this bearish scenario is the 3.04% level.
The targets of 1.01% and 0.41% specified in the top text of the chart is not good. It should be written "Target of wave (3) of V = 0.70%". Sorry for the mistake.