...the US 10yr yield settled just under 4.7pc and now awaiting PCE Price in just over an hour, but if it crosses 5pc, the US economy would be in deep trouble. Is A 500% Rally In Interest Rates Enough, Or Will Rates Continue Higher?
by Chris Kimble | Apr 22, 2024 | Kimble Charting
US Treasury bond yields have been moving higher for the past 4 years.
So today, we ask, are yields tired after this big run-up? Is it time for a pullback?
Today’s chart highlights the 564% rally over the past 200 weeks. Incredible.
So it seems likely that yields will need some consolidation / pullback soon. And it’s noteworthy that a big test of resistance remains overhead: the 2007 financial crisis highs.
Yields would need to breakout over that level for investors to think that yields are headed substantially higher.
If yield breaks out here, the next long-term Fibonacci extension level suggests
rates could head toward the 6.5% level! Stay tuned!
