TNote (US10Y) entering target area, expecting a pullback

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The TNote (US 10 year yield) has entered its target area for this up movement from the bottom.

Resistance area is between 4.65% to 5%.

We are expecting a pullback below 4% for the next months.

Then the uptrend should resume towards 7%, possibly higher.

A break above 5% would invalidate this view.

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