US 10Y Yield Correcting Historical Rally
The 10 year US bond yield is currently correcting the historical rally from 0.33% in March 202 to 5.03% in October 2023. We have seen wave A of this correction, which likely is complete with the test of 3,92% support and wave B is ready to unfold towards resistance near 4.51% before wave C takes over for a decline towards 3.23% to complete the correction from 5.03 and set the stage for the next impulsive rally higher towards 7.91%.
This also means that the central banks don't have control over the inflation as they think they have.
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