Yields Approaching Downtrend Resistance

I've never seen you look like this without a reason
Another promise fallen through
Another season passes by you
--Big Country

Long bonds selling off again, and 10 yr yields are approaching resistance defined by the short term downtrend--which also happens to correspond to the 50 day moving avg.

If yields break thru, then technicians will more seriously consider the possibility of a retest of early September's high at about 3%.

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