The 10-Year Treasury Yield ($TNX) broke above the August trendline with a surge in December. Because bonds moving opposite of yields, this corresponds to a sharp decline in US Treasury Bonds. The 10-Year Treasury Yield is now meeting resistance from the Sep-Oct-Nov highs and a breakout here would call for higher yields.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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