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US 10-year yields break 4%
Aside from the psychological value, 4% isn't meaningful. We were above it on Friday for a time, so it's not particularly new. However if you zoom out and look at the weekly chart, a pair of highs come in at 4.09% and those are critical. There's also been a consolidation pattern below 4.338% since October and the danger is that it resolves to the upside.Fundamentally, I find it hard to believe that we will get there because it came with 9% inflation previously and we are a long ways from there. T...
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Posted: Aug 1 2023, 12:30
Author Name: forexlive
Views: 080821
