If the enclosed chart pattern had the label AMZN, CAT, or CELG, wouldn't we be aggressively positioning long ahead of a potentially powerful upside breakout?"
Have I just made an unfair comparison of YIELD with anything else?
Purely from a technical perspective, definitely not! And after today's weaker than expected Jobs Report, YIELD is RISING! Definitely a head-scratcher, but overlaid on the enclosed chart set up, we have to be mindful of an upside surprise in rates (an upmove in TBT).