US10Y Analysis The weekly chart has broken out of a wedge that had been consolidating for 5 years, and now it’s also surpassed the October 2023 high. The next pivot high is at 5.25-5.26% from 2008. Once it gets there, it’ll probably take a breather with a breakout retest. Today, the 10Y surged quite a bit, but QQQ and SOXX tech stocks, which aren’t very sensitive to interest rates, are still holding strong. You can see the strength here. If the stock market pulls back a bit more to the 20 EMA in the next few days, it’s a good spot to go long again.