10-Year Treasury Yield Pushes to Fresh 2022 High, Now What?
The 10-year Treasury yield soared to a new high over the past 24 hours, confirming the breakout above peaks from June - July 2019.
Yields are now testing the former 2.34 - 2.43 support zone.
Extending gains above the former exposes 2.61 before the 2019 high at 2.79 comes into play. These may offer the next critical levels of resistance as hawkish US monetary policy expectations rise.
A bullish Golden Cross between the 20- and 50-day Simple Moving Averages remain in play. Keep a close eye on these as key support in the event of a turn lower.
US10Y
Yields are now testing the former 2.34 - 2.43 support zone.
Extending gains above the former exposes 2.61 before the 2019 high at 2.79 comes into play. These may offer the next critical levels of resistance as hawkish US monetary policy expectations rise.
A bullish Golden Cross between the 20- and 50-day Simple Moving Averages remain in play. Keep a close eye on these as key support in the event of a turn lower.
US10Y
