The US 10-Year Treasury Yield, which dropped as low as 4.16% in February, has staged a modest recovery after finding technical support at that level—a move highlighted in our March 3 analysis.
However, yields now face a significant hurdle: a 5-month major resistance zone, sitting just below 4.40%. This area has historically acted as a pivot for medium-term direction.
A successful breakout above this resistance could lead to a move toward 4.44%, 4.47%, and possibly 4.52%.
On the flip side, a failure to break higher puts yields at risk of rolling over again, with 4.22% and 4.16% acting as the last lines of defence for the bullish structure.
However, yields now face a significant hurdle: a 5-month major resistance zone, sitting just below 4.40%. This area has historically acted as a pivot for medium-term direction.
A successful breakout above this resistance could lead to a move toward 4.44%, 4.47%, and possibly 4.52%.
On the flip side, a failure to break higher puts yields at risk of rolling over again, with 4.22% and 4.16% acting as the last lines of defence for the bullish structure.
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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.