10 Year Yield Breaks Key Support Even As Inflation Bubbles Up

The 10-year Treasury yield has broken below a key upward-trending support line, suggesting a potential move lower in the coming weeks, targeting 4.15%. This technical development contradicts the prevailing narrative of rising inflation and ongoing tariff concerns.  However, price action often precedes and reveals underlying realities. This breakdown in the 10-year yield suggests a weakening U.S. economy. While inflationary pressures might prevent yields from falling to pandemic-era lows, the signal points towards lower rates ahead.