Yields on the Ten-Year Note ended the week just beneath a Hidden Pivot resistance at 4.49%, but the damage had already been done with the slight penetration of the resistance earlier in the session. If the rate had settled above it for a second consecutive day, I’d have shortened the odds of a further run-up to the 4.75% target to even money. As things stand, I’ll use a voodoo # at 4.62% as a minimum upside target for the near term. We’ll be better able to assess the odds of new highs at that time.
TNX.X – Ten-Year Note Rate (Last:4.48%)
Posted on July 5, 2026, 5:22 pm EDT
Last Updated July 2, 2026, 11:03 pm EDT