Why Treasury yields might be closer to breaking down than breaking out

Trend bullish - Expect this two-day pullback will not break initial support at 4384 before pushing higher to exceed 4458 on its way to 4500 before any real stallout occurs. 

It remains difficult to have any conviction that this market might be turning down.  Looking at Thursday’s session, the minor weakness held almost exactly where it needed to before stabilizing and attempting to push higher into the close. 

The...

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