Rates Bouncing Off Potential Double Bottom


Interest rates over the past 10 years remind me of the picture above; they keep bouncing and creating a series of lower highs. Is the trend of lower highs about to end?

Below looks at the yield on the 10-year note, over the past decade.



Yields on the 10-year note hit all-time lows back in 2012. Did a double bottom in yields take place at (1) back in July? Humbly feel it's too soon to tell.

We did long yields/short bonds (bought TBF) at (1), just in case a key low took place. Since shorting bonds in July, TBF is up nearly as much, as the S&P is for the full year.

Yields broke above 1-year falling resistance and tested the old resistance as new support at (2) and have pushed higher since.

Yields are testing falling resistance right now. Next resistance level that is a huge test for interest rates, comes into play at (3).

If you would like to stay abreast of the Power of the Pattern in the metals space, would be honored if you were a  more

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