The 10 YR did drop yesterday when the market opened weak which is a good sign but the price action is still at the important confluence level of the 200 Day MA, the 0.5 Fib and the wedge breakout level....so this tells us that the direction has not been taken yet....which is not a surprise, it means that the market needs more information and that aligns with us waiting to see what Trump will announce tomorrow..
If the 10 YR drops, the market will pressure will ease but a higher 10 YR will put more pressure on US equities, something it does not need right now.
Gareth Neary
2025-04-01 13:18:00 +0000 UTCjp
2025-04-01 13:13:00 +0000 UTC