Bond Yield Sinks After the Jobs Report

U.S. 10-year Yield has declined from 2.03% yesterday to 1.95%, after a supposedly better than expected Dec Jobs Report.

Let's notice that Yield has pivoted to the downside, which to me looks like the initiation of a new downleg within its dominant downtrend heading for a test of the Jan 6 low at 1.89%.

Meanwhile, spot Gold is nearing a test of its Jan 6 rally high at $1232.51, which if hurdled and sustained, should trigger upside continuation towards $1270.