Longer-Term Treasury YIELD Continues Higher...

Both 5- and 10-year YIELD have rocketed this week, but more importantly, both have climbed above important multi-month resistance lines at 1.75%, and at 2.56%, which indicates that the Aug 15 lows at 1.49% and 2.30% ended the multi-month corrective patterns.

If such is the case, then the strength in 5- and 10-year YIELD represents new uplegs-in-progress within the larger "bull phase" that began after the historic lows established in July 2012.

In addition, if my work proves reasonably accurate, we must keep an eye on the reaction of the equity market to developing, and increasingly intense, weakness in the bond market.