US 10-Year Yields Continue to Rise

As global financial markets continue to grind higher and reach new highs, it appears that yields on the US 10-Year Treasury are doing the same.

Yields broke through their previous yearly high of 1.899% (Green Resistance Line), settling at 1.943% (as of Nov 10th), and are trying to make a move higher.

On a technical basis, yields seem to be forming an "Ascending Triangle" pattern, supported by a rising RSI and MACD, indicating that this recent uptrend has some legs to stand on.

This recent bullish action comes as investors are beginning to feel a little bit more optimistic about the global environment as 2019 comes to a close.

If 1.899% can hold as a steady short term support for yields, and its momentum continues, the next stop could be its Weekly Resistance Line of 2.042% (Orange Line).