We have repeated several times the importance and implications of rising/falling interest rates.
And today we come back to this theme while discussing long-term US treasury bond yields.
Above, we share a “monthly” chart of the United States 30-Year treasury bond yield. And, as you can see, we highlight a potential topping pattern set up by a bearish reversal this month.
But this isn’t any old topping pattern; this is a potential deja vu.
Currently, yields are potentially repeating the very same topping pattern that marked the 2007 highs… at the 2007 highs..
This could be a BIG DEAL for interest rates and have implications for the economy. Stay tuned.