US 10Y Yield Breaks Out of a Multi-Year Bullish Pennant
The US 10-year Treasury yield has broken above a major symmetrical triangle formed since 2022.
Key Levels:
Potential support: Former upper trendline
Target 1: 5.7%
Target 2: 6.1%
A successful retest could confirm further upside in yields.
Market Impact: Rising Treasury yields could increase pressure on equities and cryptocurrencies.
A major macro development worth watching.
#NvidiaInvestigatesAfterHuangâsAffairApology
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The US 10-year Treasury yield has broken above a major symmetrical triangle formed since 2022.
Key Levels:
Potential support: Former upper trendline
Target 1: 5.7%
Target 2: 6.1%
A successful retest could confirm further upside in yields.
Market Impact: Rising Treasury yields could increase pressure on equities and cryptocurrencies.
A major macro development worth watching.
#NvidiaInvestigatesAfterHuangâsAffairApology
$BTC
$ETH
