US 10Y yield key support under pressure

TVC:US10Y   US Government Bonds 10 YR Yield
We suspect that the US 10Y yield chart has topped short term having tested and again failed at its previous uptrend at 4.74 (which is now acting as resistance) . Please see the weekly chart.

This throws the spotlight on key nearby support where we find a short term uptrend, last week's low, the 55-day ma and the 200-day ma together with a previous high all converging 4.44-4.33 (see daily chart) . While this could well hold the initial test, it is now under the spotlight, and should it give way we would allow a return visit to the 20-month ma at 4.03.


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