US Treasury bond yields have been moving higher for the past 4 years.
Furthermore, the rally marks the largest 200 week rally in 10-year yield history. Wow!
So today we ask, are yields tired after this big run up? Is it time for a pullback?
Today’s chart highlights the 564% rally over the past 200 weeks. Incredible.
So it seems likely that yields will need some consolidation / pullback soon. And it’s noteworthy that a big test of resistance remains overhead: the 2007 financial crisis highs. Yields would need to breakout over that level for investors to think that yields are headed substantially higher. Stay tuned!
$TNX 10-Year US Treasury Bond Yield Chart
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