We have repeated several times the importance and implications of rising/falling interest rates.
And today we come back to this theme while discussing long-term US treasury bond yields.
Above, we share a “monthly” chart of the 30-year treasury bond yield. And, as you can see, we highlight a potential topping pattern set up by a bearish reversal this month.
But this isn’t any old topping pattern; this is a potential deja vu!
Currently, yields are potentially repeating the very same topping pattern that marked the 2007 highs… at the 2007 highs!!
This could be a BIG DEAL for interest rates and have implications for the economy. Stay tuned!
This article was first published at See It Markets.com. To see the original post, CLICK HERE.