30-Year Treasury Bond Yields Targeting 6.5% Or Higher?


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In just 4 years, the trend (and investment theme) of low interest rates has been turned on its head.During this time, home and auto loan rates have gone from consumer-friendly to unfriendly.Quite frankly, whether you look at the 10-year or 30-year treasury bond yield, both are rising. Today we look at the latter.Above is a long-term “quarterly” chart of the 30-year Treasury Bond Yield. Using applied Fibonacci, we can see that the 30-year yield spent nearly two years testing the 23% Fibonacci level.This quarter yields are attempting to breakout above the 23% level. The next upside Fib level comes into play at 6.5%. That’s not what consumers, businesses or economists want to hear.In my humble opinion, this is a very important chart to be mindful of. Let’s see how yields close this quarter.  More By This Author:Chinese Bond Yields Collapse; U.S., German Yields Breaking Out?
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