US10Y afternoon analysis

Technical analysis for US10Y.

This count is looking for one more push up in yields, approaching (but not going above) 5.215%. Median line is target.

This would complete an expanded flat that started in 2012.

This analysis would suggest the end of the bond bear market is approaching, as long as 5.215% holds as resistance. Yields above 5.215% would suggest much higher yields are likely.

Yields below 4.505% before move above 5% would also invalidate this count.

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