Three years pushing the same ceiling, and it breaks
The most dangerous chart I have analysed in recent weeks.
If this breakout is confirmed and yields head higher, they will cause big falls in the markets.
The decision
A rise in yields is not in the interest of the US, which is already intervening in the curve to stop it going up. An intervention that is like putting out a fire with a water pistol.
If yields really do unfold a leg higher, the correction in the markets can be severe.
Read the full thesisSourceYahoo Finance, cross-checked against EODHDData to
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