10 Year US Treasury Bond Yield (Inverted!)
Treasury bond yields sunk during the early days/weeks of the coronavirus pandemic.
And they have yet to recover. But that could be changing soon.
In today’s chart, we look at 10-year US Treasury Bond Yields (they are closely followed and help to dictate mortgage rates). Note that today’s chart is inverted… a way to highlight bond prices.
When inverted you can see that yields are testing a trend line and may be double topping after March’s large reversal.
If this pattern plays out, bond prices may fall while bond yields begin to rise. Stay tuned!
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