The 10-YR T-NOTE yield is currently approaching 1.3%, and trying to overcome the falling trendline from the tops seen in mid June. In case we break above this falling trendline, the yield will break its short-term downtrend.
If the yield closes above this trendline by the end of today's trading, in my opinion, this will be the break of the week, and it will be expected to affect a large number of other assets for weeks to come!
If the yield closes above this trendline by the end of today's trading, in my opinion, this will be the break of the week, and it will be expected to affect a large number of other assets for weeks to come!