2 year yield breakout
Mixed picture here. The US 2 year yield which is usually predictive of the Fed funds rate has pushed higher than a line of long term resistance. It is possible to look at this as a breakout from a grand supercycle falling wedge after a previous false breakout. The RSI chart has a rolling over / topping look to it which may indicate that this rally in yield will run out of gas and I will be looking for it putting in a base of support before calling this a bond market bear and predicting much higher interest rates.
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