Image Source: Pixabay
The 10-year treasury bond yield is very closely watched by banks, consumers, and active investors. It is used as a measuring stick for interest rates on loans, bond auctions, etc.When the 10-year treasury bond yield goes higher, so do interest rates on mortgages, personal loans, and car loans. And the government pays higher interest on some of its treasury-bill auctions.Today we look at a “monthly” chart of the 10-year treasury bond yield and highlight a key price resistance level that may dictate the next move for interest rates.As you can see, the 10-year bond yield bounced off the 23.6 Fibonacci level at (1) and is testing a key resistance level – its prior highs – at (2).Should the 10-year bond yield breakout at (2), look for it to rally to the 4.9% level.Time to worry again about rising interest rates? 
More By This Author:Nvidia Stock Price Reverses Lower From Important Fibonacci Level
Is The U.S. Dollar Quietly Forming A Bearish Topping Pattern?
Investor Sentiment Getting Greedy? Seems Unwarranted
