UST 2/10 Year bond spreads are further flattening which usually has bearish implications for the economy.
Trend is supported by the 50-DMA, however the reversal pattern suggests further downside is possible.
10-Year UST Notes are a Sell now that they hit the central balance point of the last 2 swings.
Trading below the 50 & 200-DMAs with falling RSI and MACD about to give bearish crossover Notes are a sell until we see a close above 118.
10-Year yields bounced off the former Resistance turned Support at 3.60 and are heading for the recent 3.85 highs.