US 10 year yield rebounds. What next? ...Middle East

Yesterday US 10 year yield moved down 19.1 basis points. Today there is a rebound with the yield now up around 9.8 basis points at 4.543%. Technically, the fall yesterday took the yield below a swing level at 4.484% on its way to the low of 4.434%. Looking at the daily chart, the next major target area is at:Swing area between 4.326% to 4.362%,100 day MA at 4.331% (blue line on chart above)38.2% retracement at 4.346%That target area was not approached with today's low coming in at 4.428%, but remains a key target on more downside momentum. The corrective move higher today has now taken the price back above the swing level near 4.484% and has moved to a high of 4.559%. Looking at the hourly

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US 10 year yield rebounds. What next? ...Middle East

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