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The 10 year yield has a floor in place
The US 10 year yield moved to a new year low at 3.417%. That took the yield just below the 50% of the move up from the August 2022 low at 3.426%, but remained above the December low yield of 3.404%.
The combination is forming a nice floor for the 10 year yield at the 3.40% area.
Having said that, looking at the chart above, the high that we saw in December stalled near the November 14 high at 3.904%.
So since November 14 high yield at 3.904%, the yield has moved down to 3... Read More
Posted: Jan 13 2023, 17:45
Author Name: forexlive
Views: 110889
