Interest Rates: 10-Yr Note Rate Extended Decline

A comparison of 2018 and 2023 Fibonacci structures in the charts below show a 10-Yr Note rate that is currently in a structural position similar to where it was on December 3, 2018. As of December 26, 2023 Non-Commercial futures traders were still positioned for an extended decline in 2024.

Stock charts courtesy of StockCharts.com.

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