This chart is on a 21 day timeframe and shows that the current situation on bond yields looks like the start of a retracement down from resistance. Added to this, the RSI is at a rare high point not seen since 1994. Even if we are at the start of a new bear market in bonds / bull market in yields retracements are going to happen, same as in any market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.