10 year notes takes new low at 132'050. Big drop expected with target 129'385. Yields is rising above 1.84 on close Wednesday.

Here is 10 YEAR notes yield from 2008 monthly chart.

Asian markets are selling 10 year notes for the third day in a row and the technical target now seems to be 129'385 a very big drop. When the price falls the  yield will go up on the notes. This use to affect all interest rates. The 4 year chart however shows the yield in a monthly bear market so it is difficult to tell the impact of current yield rise. Target seems to be around 2.20 percent.