Further to my post of December 21, 2021, the US10YT has sliced through the neckline of a Reverse Head and Shoulders formation, as shown on the following monthly chart...a bullish move.
Not much resistance lies overhead until around the 3.0% level.
The Balance of Power lies with buyers, as does momentum, depicted on the Awesome Oscillator.
A drop and hold below major support at 1.6% may signal further weakness ahead.
Keep an eye on the above two indicators for clues on possible direction for this longer-term timeframe.
