The breakouts above resistance are now being tested in 10 & 30 year bond yields. Though it’s broken through the zone I drew, the 10yr is still regarded as testing.
The 30yr is looking more iffy, but these are the financial markets and they are under no obligation to give us nice, clean parameters. Still, below the SMA 200 this one can be considered under threat.
The implications mean only everything going forward. These can range from inflationary to Goldilocks position deployments to “get the hell away from the punch bowl, there’s a turd in there!”
It’ll depend on the nature of this test and what comes after it. Oh and it’s also FOMC week and all the media hype that comes with it.
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