Monthly Chart of US 10 Year Bonds:

As seen from the chart the bond is facing resistance around the downward sloping trend-line since 1988.

At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00

Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36.

For educational purpose

Jagrut