The US 10 yr yield is coaching down round 5.4 foundation factors at 4.61%.
Wanting on the hourly chart above, the yield excessive right now stalled towards its 100-hour transferring common at 4.647%. The 200 hour transferring common is at 4.635%.
If the yield can keep under these ranges, the draw back is the trail of least resistance.
Targets: The low yield final week reached all the way down to 4.570%. A transfer under that stage, and the 38.2% retracement of the move-up from the March 28 under is available in at 4.527% and can be the subsequent goal.
In the meantime, the USD is seeing sellers with the yields tilt to the draw back.
