Treasury bond yields are sitting at their lowest levels in years… and in some cases 30 years!
This has investors concerned about the an economy that may be sitting on the precipice of a recession.
The move lower in bond yields (and interest rates) has been a sharp one. So there’s reason for investors to be watching bonds closely here.
The 30-Year Treasury Bond Yield INDEXCBOE: TYX is breaking support and trading at 30 year lows!
Meanwhile, the 2, 5, and 10-year treasury bond yields are sitting on important multi-year support at (2) in today’s chart. Note that the 10-Year Treasury Bond Yield INDEXCBOE: TNX is closely watched in the mortgage industry.
The odds of a recession increase if the 2, 5, and 10-year bond yields break support. Stay tuned!
30-Year US Treasury Bond Yield Chart
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