Yield Long-Term Chart Bullish

Mike Paulenoff MPtrader

Fed Chair Powell described the economy in glowing terms, saying that it is much stronger than it was at any time since 2012, and even in the last couple of years.

That sentiment is hardly expressed by 10 year YIELD, which continues to circle and struggle around 3%.

That said, however, the attached chart from the historic July 2016 low at 1.32% is extremely bullish, and points higher-- unless support at 2.76% down to 2.72% is violated...

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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