Bonds Could Be In Big Trouble If This Gives Way, Says Joe Friday

Just the Facts….Bond troubles could just be starting if…..

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This chart looks at the 10 and 30-year yields. Each could be making "Head & Shoulders" bottoming patterns. If this pattern read is correct, each are testing the neckline at (1). A breakout above the neckline could push yields a good deal higher.

From a bond price perspective, what does this pattern look like?

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These charts are the 10 and 30-year yields "inverted" to look like bond prices. Both appear to have made head and shoulders topping patterns with the neckline being tested right now at (1).

Joe Friday, just the facts….IF this pattern read is correct and the neckline gives way, yields move much higher and bonds move much lower.