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10-year yield US Government bond technical analysis, the yield reached the first target of the bullish daily wave and resistance at 1.686 and started consolidation on the daily chart. If the 10-year US bond yield breaks below the support at 1.428, it will break out of the consolidation and extend the bearish run toward the support at 1.276.
On the bullish side, if the 10-year yield US Government bond breaks above 1.77, it will resume the bullish weekly wave and send the 10-year bond yield higher. The first target of this bullish weekly wave is at 1.618 FIB extension at 2.10.
Daily chart:
Weekly chart: