Yield's are tapping the top of this downtrend established since 1981 while the monthly RSI is at the most overbought levels we've ever seen. Also we can see that the yields are above the 144 monthly moving average that typically acts as resistance.
There is still a possibility at this rate, with how crazy this market is, that it could blow out of this channel and then meet resistance around 3.4%. I have doubts this will happen, but anything is possible.
Is J Powell watching this chart and greasing up the printer? Only time can tell...
There is still a possibility at this rate, with how crazy this market is, that it could blow out of this channel and then meet resistance around 3.4%. I have doubts this will happen, but anything is possible.
Is J Powell watching this chart and greasing up the printer? Only time can tell...
