Look! Maybe, just maybe, 5-year YIELD is on the verge of a significant upside breakout?
Meanwhile, 10-year YIELD looks like it is going to challenge major resistance at its 9-month resistance line and at its down-sloping 200-day EMA, both in the vicinity of 2.56%.
We need to keep an eye on these charts now.
Something is cooking under longer-term YIELD that could imply the U.S. economy is growing faster than expected (despite last Friday’s dismal Jobs Report for Aug), which also could impact the equity markets going forward.