10-Year Treasury Analysis Technical Analysis The weekly chart has broken out of a wedge that consolidated for 5 years. The first short-term resistance above is at the 2008 high of 5.25%. It's highly likely to face resistance and pull back there. The retracement target is around 5%. With a slight pullback, sectors like $RSP, $XLY, and real estate could see oversold rebounds. Market breadth will recover, and it should go higher, easily hitting new highs. I think interest rates will go even higher in the future, but that's not relevant for now. At the moment, the wedge breakout is likely to see a retest before breaking out again.