Update: US10Y

U.S. 10 Year Bond Yield (2.78%) | Bottom Line: Two weeks ago (pre-market Mon 09 May), I highlighted the yields trading at the boundary of the manually drawn channel with overbought conditions being present. On the day, we saw the yield topping at 3.20% with a rally to 2.78% at the last close (yields down, prices up). The 14-day RSI is at 47, suggesting a weak regime. Support at around 2.66% to 2.68%.