Technical Update - US 10-years Treasury yields in corrective mode, breaking key level

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The Us 10-year yields have broken below support at 3.015 and the rising trend line. . Warning signs of a correction has been there for some time with divergence on RSI
At the time of writing RSI is below 40 i.e. in negative sentiment. Next key support is at around 2.71 and 2.55.
To get yields back in to neutral a move back above 3.01% is needed. To reverse the short term negative/corrective picture a move above 3.26 is needed.

Source: Saxo Group

The US 10-year Treasury Note has broken resistance at 11 16/32 and is moving fast towards next key resistance at 120 31/32.

Source: Saxo Group

Source: Technical Update - US 10-years Treasury yields in corrective mode, breaking key level | Saxo Group (home.saxo)

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Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.