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Even though interest rates have moved much higher/bond prices much lower (see peak bond price here)  from extremes reached last September , yields remain inside of a falling channel that has been in place since the late 1990’s.  Yields are up against falling channel resistance, bond prices remain on support at (2). 

Some day this channel will break, yet at this time, key yield resistance is still in place!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past