TNX 10-Year Treasury Note Yield Weekly Chart Channel

Treasuries are moving down in price, up in yield, over the last few days. Note, however, for all the excitement, yield barley tapped the top rail of the blue channel intraweek. The indicators show a long and strong profile so another higher high in yield will come in the days or week ahead, but, a drop lower in yield is likely to occur first. The chart remains very agreeable to sideways movement moving forward. The recent move, although impressive for the short term, is not significant unless, or until, the yield moves above 2.40% and higher, until then, the 10-year yield should continue moving thru the 1.7-2.4 channel. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.