The US 10-year yield is down about 5.4 basis points at 4.61%.
Looking at the hourly chart, today’s highest returns stopped from its 100 hour moving average of 4.647%. The 200 hour moving average is 4.635%. If the yield manages to stabilize its levels, the downsides could be explored. Last week’s low yield reached 4.570%. Moving, this entire level and the 38.2% retracement of the March 28 rise below stands at 4.527%.
This article was written by Greg Michalowski at www.forexlive.com.
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