10 year bond yields have dropped below a key support level at the yellow trendline. Bond yields have been neutral and trading sideways, but I think there could be a drop down to 3.60%. The bearish sentiment in bond yields is bullish for financial markets. Bond prices and stocks are likely to see some upside as bond yields trend down. However, if bond yields rebound at 3.60% then bond prices and US stocks could start to trend back down. This will be important to monitor as stocks continue to trade near all time highs.

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