US 10 Year yields showing some caution

US 10 year yields have broken down (see the orange horizontal line). In other words bonds are rallying and hence equities could face some pressure.

However there is a stronger support below – see the blue horizontal line.

This is a bit confusing at this stage. We are getting mixed signals from various assets. This should resolve soon enough. However the message is to be a bit cautious till the markets resolve this confusion.

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