30 YEAR T-BOND YIELD - $TYX
Monthly chart shows the yield to be stuck in a large consolidation pattern since June 2003. Currently the rate has fallen back through key LIS and prior support of 4.5. If I have identified this pattern correctly, THEN expect the yield to continue to fall, and look for a re-test of the January 2008 low before a break as it heads lower.
Weekly chart shows the yield index to be below all its key moving averages
Daily chart shows a lower high made in August 2008. Yield index is currently below all its key moving averages. Look for continued weakness.
Daily chart shows a lower high made in August 2008. Yield index is currently below all its key moving averages. Look for continued weakness.
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