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Bond Yields Reach a Key Support Level

The 10 year U.S. bond yields have reached an important support level at the yellow trendline. There has been support building up here dating back to April of 2023. If U.S. bond yields rebound and trend up here then we could see more downside for stocks and crypto. However, it is possible for bond yields to break below support. There is a white resistance zone directly above between 4.225% and 4.345% that could drive bond yields below the yellow support line.

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