Long-term Treasury Yields on the Move

The 10 year yield is in a short-term bounce pattern, which is completely unsurprising as it goes in positive correlation with stocks on their relief bounce from the risk ‘off’ decline in yields.

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The 30 year yield is further along, having broken above a S/T resistance area (3.5%) yesterday.

Of course, the longer-term view is that of our Continuum, which will decide what the bigger picture trend is going to be. I am loosely defining the options as deflationary pressure or liquidation (again) or von Mises style Crack-Up-Boom, roosting inflated chickens and all.

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