I am not trying to sell newsletters here. Nor am I trying to scare anyone. People in my personal life turn away in utter boredom when I talk about interest rates.I will very simply put up another post for anybody who cares showing the technical target for $TNX based on the breakout above the neck line. If the breakout holds and if the target of 5.8% comes to pass, how good do you think this is going to be for the various governmental funding schemes currently in play?
The whole situation may reverse at any time, bringing on a deflationary draining of the toxic swamp. But the technicals are the the technicals and as of this moment, the Ten Year is establishing a 5.8% minimum yield off of this pattern. Please consider appropriate protective action.
