The U.S. 10-year Treasury yield is hovering just beneath the 4.34% resistance level, with price forming a tight ascending triangle just under this key level. Today’s pullback to 4.31% (-0.74%) suggests hesitation from bulls as momentum indicators turn mixed.
🔹 MACD is flat, showing a lack of directional conviction.
🔹 RSI sits at 47.94, neutral and non-committal.
🔹 Price remains sandwiched between the 50-day SMA (4.43%) and the 200-day SMA (4.22%).
A confirmed breakout above 4.34% could open the door for a run toward 4.50% or even 4.80%. Conversely, a drop below the rising trendline (~4.24%) would expose downside risk toward the 200-day SMA.
Watch for a catalyst (Fed commentary or inflation data) to break the deadlock.
-MW
🔹 MACD is flat, showing a lack of directional conviction.
🔹 RSI sits at 47.94, neutral and non-committal.
🔹 Price remains sandwiched between the 50-day SMA (4.43%) and the 200-day SMA (4.22%).
A confirmed breakout above 4.34% could open the door for a run toward 4.50% or even 4.80%. Conversely, a drop below the rising trendline (~4.24%) would expose downside risk toward the 200-day SMA.
Watch for a catalyst (Fed commentary or inflation data) to break the deadlock.
-MW
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