$$TNX.X – 10-Year Note Rate (Last:4.37%)

The textbook-perfect pattern shown promises to deliver at least a temporary low at 4.35%, the D target shown. That would represent a 7% decrease in yields on the Ten-Year Note since they peaked at 4.69% on June 19. A weak bounce would open the door to even lower rates, with mid-April’s 4.22% serving as a benchmark and potential support.

Leave a Comment