• The technical picture of the US 10-Year Treasury Yield across the monthly timeframe reflects a breakout of the multi-decade downtrend since 2022, with renewed bullish momentum recently given a breakout of the 4.75%-5.02% area in September 2026. 
• The US10Y's main trend is trading within a rising wedge formation, and it is currently consolidating sideways at the 5.25%-5.28% near-term resistance zone, which were the peaks during pre Global Financial Crisis. 
• In the mid-term, should the US10Y break out of 5.28% area, the next key resistance area would be at 5.90%-6.06%, which represents a retest of the rising wedge trendline that were key in 2016, 2018 and 2023. In the longer term, the 6.79% level would be a key resistance which represents a retest of the peak formed before the Dot-com bubble burst.

Overview BLOKS is a leader in China’s assembly character toys market. The company holds over 500 patents, possesses original IP capabilities, and has non-exclusive licenses for approximately 50 well-known IPs. Its product positioning is “high quality at a reasonable price.” Leveraging its product strength and supply chain advantages, BLOKS maintains cost competitiveness while continuously expanding its product categories. The company has established a multi-channel sales network, and since 2022, has primarily focused on offline channels centered on distributors. According to...
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Overview POP MART is primarily engaged in the design and development of trendy toys. It operates a comprehensive platform covering the entire industry chain of intellectual property (IP) for trendy toys, with businesses including IP incubation and operation, trendy toys and retail, theme park and experiences, and digital entertainment. The company’s products include blind boxes, figurines, ball-jointed dolls (BJD), MEGA, plush toys, and derivatives, among others. Its self-developed products primarily feature artist-owned IPs such as THE MONSTERS, MOLLY, SKULLPANDA, and...
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