10 Year Yield Breaks Resistance – Higher Rates Ahead?

Bycjrosen

Today, the yield on the 10 Year Note sliced upwards through its declining 200 day moving average, signaling a potential reversal in trend and the possibility of higher rates yet to come. Daily Chart ($TNX): After forming a strange sort of double bottom, complete with a positive momentum divergence, the yield, now just under 4.1%,…