Chart of the day: 10-year Treasury yields hit reverse this week but the real test is still ahead

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US 10-year Treasury yields experienced a notable pull back this week, falling to 5.09% despite hotter-than-expected US CPI and PPI inflation reports. The yield faced a clear rejection at the 5.30% resistance level following the inflation data, leading to a sharp retreat that marks the second consecutive weekly decline for the first time since June. Traders are now closely watching the critical 5.00% psychological and technical support level to determine the market's next directional move.