10-Year Yield Testing Critical Support After Record Decline

Chris Kimble

10-Year Treasury Bond Yield Chart INDEXCBOE: TNX

Treasury bond yields are all over the financial news and on the minds of investors today.

With Fed Chairman Powell giving a speech at Jackson Hole today, the world will listen in to see if he gives hints on the Federal Reserve’s next interest rate move.

In today’s 2-pack, we take a closer look at treasury bonds.

In the chart above, you can see that 10-year treasury bond yield has now declined 47% in the past 40 weeks. That’s the largest 40-week decline in 20 years!

The decline in yields now have the 10-year yields testing critical support. This also comes at the same time that the Regional Banks NYSEARCA: KRE are testing 10-year support as well – see chart below.

10-year treasury bond yield decline support line chart bank stocks

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