Chart of the Week – 10-Year U.S. Yields Slice Through Key Support at 3.34%
Chart of the Week – 10-Year U.S. Yields Slice Through Key Support at 3.34% November 20th, 2008 · No Comments Key Observations and Themes: Interest Rate Bottom Line: A weekly close below the 2008 low at 3.34 would confirm a double top pattern in 10-year U.S. yields and affirm the bearish resolution of a symmetrical triangle pattern. This outcome would signal afurther increase in risk aversion and target 2.86 as a measured move objective 50% Fibonacci retracement of the Q2 2007 –Q1 2008 declin
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