Is a Big Reversal About to Hit the Bond Market?

10 year us treasury bond yield double bottom chart investing image august 14

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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