We can see very clearly the perception of rising inflation
ahead through the behavior of the 10Y yield curve and other treasury bonds. In order to have an idea of how far this upward trend can go I used the Fibonacci mirroring technique, projecting from the last downward leg of the market. In a weekly timeframe
, we already saw the 2nd target accomplished, the 3rd one we have is around 1.68/1.70 .