10-Year Treasury Yield All Set for Summer 2019 Highs?
Following another strong US CPI report, the 10-year Treasury yield surged above 2%, further pushing above peaks from late 2019 (1.9073 - 1.9718).
That has exposed peaks from summer 2019 as key resistance (2.1779 - 2.1431).
A bullish Golden Cross remains in play between the 20- and 50-day Simple Moving Averages.
Keep a close eye on RSI, negative divergence shows fading upside momentum. A turn lower may see the SMAs act as support, maintaining the dominant upside focus.
US10Y
That has exposed peaks from summer 2019 as key resistance (2.1779 - 2.1431).
A bullish Golden Cross remains in play between the 20- and 50-day Simple Moving Averages.
Keep a close eye on RSI, negative divergence shows fading upside momentum. A turn lower may see the SMAs act as support, maintaining the dominant upside focus.
US10Y
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