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The trend for interest rates over the past couple of years is clearly higher, as yields have risen sharply!
The 10-year yield trend over the past 6-years is flat and the same can be said for the 30-year yield over the past 3-years, as each is at the top of respective trading ranges.
Joe Friday Just The Facts- Interest rates are testing the top of trading ranges and each could be creating a topping pattern over the past couple of months.
With the S&P testing January highs/all-time highs, what yields do at the top of trading ranges could send an important signal to the stock and bond market!