Rising interest rates have been the talk of Wall Street and Main Street for the past 2 years.
And just as many thought interest rates were peaking/plateauing, well, they seem to be breaking out again. Yikes!
Today’s chart looks at a long-term “monthly” view of the 10-Year Treasury Bond Yield.
And as you can see, it is looking more and more every day that yields have cleared the first fibonacci level at (1), based upon all-time highs and lows in yields.
This breakout means that the next Fibonacci retracement comes into play at 6.3% – the 38.2 Fibonacci level.
That would be a 50% increase in interest rates above current levels….CRAZY! Stay tuned!
10-Year Treasury Bond Yield “monthly” Chart
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