US10Y US10Y is now testing an important resistance area.The 10-year yield has been moving inside a large triangle structure, and price recently pushed back above the 4.3% area.
Now the key zone I’m watching is around 4.55%–4.60%.
If US10Y breaks above this area, it could put more pressure on risk assets like stocks and crypto.
If it gets rejected here and falls back below 4.3%, that could be more supportive for risk assets in the short term.
Simple view:
Break above 4.6% = risk-off pressure may increase
Reject from here = risk assets may get some relief
For now, I’m watching how the yield reacts around this resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.