The US10YR Treasury via TNX is building out an ascending triangle, which if resolves to the upside, would likely suggest a move into the 4.80% - 4.90% zone.
Nevertheless, we remain of the belief that higher Rates await us from a longer-term lens with our price objectives of 5.25% followed by 7% in the US10YR Treasury via TNX remains valid until or unless proven otherwise.
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