In February 2022 the 10-Year treasury note yield (TNX, ^TNX) marked its highest point since 2019: 2.065%.
With the recent macroeconomic and geopolitical developments the yield turned to cross below the 2% mark, and as of this writing it hovers around 1.79%.
January 2021 was the month where the best respected support lines registered for the yield and they’ve been holding since. However, the global effects may pressure the yield percentage further down.
A weekly chart of the 10-year yield shows that since January 11th, 2021, the 59-week SMA acts as the best respected support line for both the body and the wick of the bars/candles. Current weekly support is at 1.517%:
A zoom in view:
Drilling down to the daily view, the picture is pretty much similar. Here, the 282-day SMA acts as the best respected support line (lines) and has been carrying ^TNX since January 6th, 2021. Current daily yield percentage support stands at 1.519%:
Zoom in view:
