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US 10yr yield, further decline still favored ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Near term US 10 year note yield outlook: The market did indeed turned lower from the previously discussed "pivotal" area near 2.07/10% (never closed above, broken bull trendline from Jan, broken base of the bull channel from Aug), targeting declines back to the Aug/Oct 2nd lows at 1.90/92% and even below ahead. Note that weak technicals (see sell mode on the daily macd), the seasonal chart that declines into the end of the year (see 3rd chart below) and view of an important topping in the

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