US 10-Year Yield Soars Past $4.60%, Threatening Copper, Russell 2000, and Bitcoin

The US 10-year yield is continuing its upward trend, breaking above the $4.60% level and both EMAs, with the 200 EMA at $4.428% and prior support at $4.30%. The current price of the US 10-year yield is $4.788%, showing no signs of slowing down.

This rise in yields is significant, as it could be a major story soon. With the nonfarm payroll week underway, market participants are keeping a close eye on developments.

The increase in yields has put several assets at risk, including Copper, the Russell 2000, and Bitcoin. These assets face key technical levels that may be breached if the upward trend continues.