Gap from post election weekend
The US 10 year yield has fallen to the the lowest level since just after the November 2016 election. There was a gap in the yield chart from 2.1518% to 2.1659% area. We have nearly filled that gap with the low today reaching 2.1629%. The 38.2% of the move up from the July 2016 low come in at 2.1346%. This area is a key support target for the 10 year note. I would expect support in this area on a test.
US 10 year yield falls to 2.1629%. Lowest since November 2016. Key support area.
