Tyx-tnx
30 year attempting to seriously break out.30 year represents long term growth expectations, the 10 year has already broken out as linked below. This down trend is not as clean of a break as that one and will need a continuation after today's test the of February highs. 10s 2s spread hit ~39bps recently now at 49bps. If we get a confirmation the first target is 3.74 as a measured move which happens coincide with the next major resistance on the chart from 2013.
Real estate is screwed from hereReal estate broke through the 50 MA and with the rising interest rates and the central banks starting to sell their MBS then this market will plummet soon.
Yield spread vs. market top study - 3/10/2015This chart studies spread between 30 year and 10 year treasury yield, and its correlation with SPY top. In 2000 and 2007, breakout of this spread marked the top of the market. So can this time be different? Let's wait until it breaks out (if ever) and then we will know.
