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Kevin Green highlights that the 10-year note could see record volume for the year. He also observes a strong green-bodied candle forming on the chart, which nearly constitutes an engulfing pattern.
Green previously reported a sharp drop in liquidity earlier in the morning, with improvement noted as the day progressed. He has also cautioned against reading too much into rapid changes in sentiment, citing recent disputes over market direction. The latest focus on the 10-year note comes amid this pattern of shifting market signals.