Direction of the 10yr yield and mortgage rates. So here is my analysis on the 10yr yield: The long-term trend is contained in a bull channel (upwards). In the short term: I believe it comes down to 3.2% percent as that was a very important level back in 2022 and 2023 so it will first act as a level of support plus it should be around the bottom of the trendline. If it can break below that level, then i do see the 10yr coming down to 2.7%. The 50,100,150,200 moving averages has almost all crossed over and are sloping down which is a bearish signal. For price action traders the chart has formed a head and shoulders top which is also why i believe it will retest the neckline. The direction of the 10yr will depend on FEDs further plans to cut rates.