A TEN-YEAR TREASURY YIELD MOVE ABOVE 2.62% WOULD PAVE THE WAY FOR 3% YIELD LATER THIS YEAR — THAT WOULD PUT THE THIRTY-FIVE YEAR DECLINE IN BOND YIELDS IN JEOPARDY

A LONGER TERM LOOK AT RISING BOND YIELDS... Chart evidence of a major upturn in Treasury bond yields continues to grow. The weekly bars in Chart 1 show the 10-Year Treasury yield ($TNX) nearing a test of its late 2016 intra-day peak at 2.62%. A decisive move above that chart barrier (which appears likely) would put the TNX on a path to a much more important resistance...

Leave a Reply

Your email address will not be published. Required fields are marked *