US 10Y Yield Should Peak Near 4.48
In my December 20 post (You can see that post by clicking here). I called for a corrective rally for the US 10Y yield towards 4.51%. Well we could see a rally close to 4.51%, but a more likely target is seen near 4.48% from where we should see wave C take over for a decline towards support in the 3.23 - 3.38 area.
Short term a break below minor support at 4.06 will indicate that wave B has completed and wave C lower towards 3.38 is in motion.
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