Rate Reckoning: The 10-Year’s Golden Cross

The 10 year

The rates rise over the past sessions has taken us back to levels we saw on November 25. The big negative trend line stays intact for now, but note we just saw the 50 day cross the 200 day, the golden cross. Last time we had a similar cross was in July 2023, when rates decided to surge. 4.35%/4.4% is the big resistance area to watch.