My updated comment on the client group on Thursday afternoon:

US 10-Year Bond Yield (US10Y)

Possibly (in my view) one of the most important charts for any trader/investor.

Strong upside follow-through from (1) rising trend line and (2) bull flag technical formation. Big bounce off 2.50% to hit a high of 3.29% today.

The rise in yield has coincided with the drop in equities.

Technically: Now, extended slightly extended as it trades at the upper boundary (2 standard deviations) over 50 days, thus a minor retracement wouldn't be unexpected.

Fundamentally, the commitment from the US Federal Reserve could keep yields elevated over the medium term.
Chart PatternsTechnical IndicatorsTrend Analysis

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