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.
Below 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 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!
30-Year Treasury Bond Yield “monthly” Chart
Twitter: @KimbleCharting
The author may have a position in mentioned securities. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
