The
German Bund
has finally broken support in the bearish channel and targets the 127% extension of the March 2023 impulsive move higher. Following the ECB last week, and ahead of the FOMC this week, we have yields rallying in the USA with the
10-year
note falling alongside the bunds as traders are nervous ahead of the decision. RSI in the Bunds are pointing lower, confirming the bearishness.